
CMOC Group, the world’s largest cobalt miner, reported a 20.7% increase in cobalt production during the first quarter of 2025, reaching 30,414 metric tons. Copper output also rose by 15.7%, totaling approximately 171,000 tons. These gains were achieved despite the Democratic Republic of Congo (DRC) imposing a four-month ban on cobalt exports in February to...
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China’s CMOC Group, the world’s largest cobalt miner, plans to sustain high production levels in 2025 following a record-breaking year in 2024. The company, which operates major mining projects in the Democratic Republic of Congo, has set a target to produce between 100,000 and 120,000 tons of cobalt this year. This comes after it achieved...
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Cobalt prices have halved over the past two years, largely driven by a surge in supply from China’s CMOC Group. The company’s aggressive production growth has significantly contributed to the global oversupply of cobalt, pushing prices down from over $28,000 per tonne in January 2024 to under $24,000 by December on the London Metal Exchange....
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