Wednesday, May 9, 2007

China cobalt firms mull Congo plants after export ban

(Reuters) - China cobalt importers are considering setting up processing plants in the Democratic Republic of Congo after that country banned concentrate exports earlier this year, Chinese industry officials said on Wednesday.

Many Chinese cobalt processors have complained that their supply of raw material from the Congo has dried up since the ban, said Xu Aidong, an analyst with metals consultancy Antaike in Beijing.


Read more at Reuters Africa

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