Cobalt supply from Indonesia almost doubles, CMOC’s DRC output drives oversupply  – 2023 in review

Cobalt supply increased significantly in 2023, driven by China’s CMOC’s production increase at its Kisanfu mine in the Democratic Republic of Congo (DRC). In April, the Chinese company and the DRC state-owned mining company Gecamines ended a ten-month dispute over royalty payments. The DRC is responsible for 75% of the world’s output, with global cobalt […]