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Home Steel News Congolese Katanga Mining may become world's top cobalt miner
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Congolese Katanga Mining may become world's top cobalt miner

30 Apr 2018 15:47 reported by Alex Lo

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Katanga Mining Ltd., controlled by Glencore, might soon became the world's top cobalt miner, and it would provide Glencore thousand tons of metal and billions dollars in revenue. It was estimated that the mine would produce 300,000 tons of copper and 34,000 tons of cobalt next year.

Katanga is held by Glencore, and it is one of choice of cobalt ore stock investment. In 2017, Katanga Mining resumed its work in the Democratic Republic of Congo, and increased cobalt production which the stock price rose more than 1200%.

Cobalt might become one of the hottest merchandise in the world as the market prediction to electrical vehicle sales.

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