TSXV:FCO.H - Post by User
Post by
notmuchmoreon May 25, 2016 1:24pm
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Post# 24903507
China plays long game on cobalt and electric batteries
China plays long game on cobalt and electric batteries"As China Molybdenum announced it was buying one of Africas largest copper mines earlier this month one thing was soon clear: the acquisition was about far more than the red metal. The $2.65bn deal, the biggest private investment in the Democratic Republic of Congos history, is instead designed to secure Chinas supplies of cobalt, a once niche raw material that is crucial to developing batteries for electric cars." -----read more at https://www.ft.com/intl/cms/s/0/054bbb3a-1e8b-11e6-a7bc-ee846770ec15.html#axzz49gnBpbjz