INSUBCONTINENT EXCLUSIVE:
transforms the global cobalt landscape by producing 84,722 tons in the first nine months of 2024
from expanded operations in the Democratic Republic of Congo DRC
CMOC extracts cobalt alongside copper, with copper production rising 78% during the same period.The company expects annual copper output to
Contemporary Amperex Technology Ltd
(Photo Internet reproduction)CATL doubled its metal purchases, spending $546 million in the first eight months of 2024
manufacturers working to reduce electric vehicle costs
appears likely as market pressures increase
The transformation highlights shifting global industrial power dynamics.Chinese companies strengthen their grip on critical mineral supplies
while traditional Western mining companies face increased competition
Their production decisions affect electric vehicle manufacturers globally.Market analysts expect continued price pressure as supply outpaces
importance, while traditional power structures adapt to new market realities driven by green technology demands.
