DALIAN, China -- China Molybdenum, the world's second-leading producer of cobalt, plans to roughly double its output to meet growing demand for the key battery material, with an eye on outstripping industry leader Swiss rival Glencore.
Commodities
Chinese cobalt producer to double Congo output with eye on top spot
China Molybdenum to invest $2.5bn for sought-after battery material
China Molybdenum produces cobalt at this facility in the Democratic Republic of the Congo. (Photo courtesy of China Molybdenum)
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