SYDNEY -- The company planning Australia's first cobalt refinery is pushing ahead with the project despite a prolonged slump in battery metal prices, betting that U.S. and European efforts to break China's dominance in critical minerals will support alternative supply chains.
Supply Chain
Australian cobalt refiner bets on demand for 'ethical' China-free EV metals
Project pushes ahead despite price slump in key battery ingredient
A conveyor belt carries chunks of raw cobalt in the Democratic Republic of Congo, where Chinese companies dominate the mining sector. © AFP
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