China’s CMOC Group, the world’s leading cobalt producer, smashed through its full-year output target last quarter after a faster-than-expected production ramp-up that affected prices for the battery material. The company produced 84 722 t of cobalt at its mines in Africa in the first nine months of 2024, beating full-year guidance of 70 000 t. The strong performance sent prices tumbling. Photograph: Bloomberg
Edited by: Creamer Media Reporter
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