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China’s MMG suspends operations at new DRC plant after year-long cobalt slump
Chinese state-controlled mining company MMG suspended its cobalt processing plant at the Kinsevere mine in the Democratic Republic of Congo (DRC) shortly after its opening due to a price slump and ...
Bloomberg L.P.21d
China’s MMG Halts New Congo Plant After One Year on Cobalt Slump
MMG Ltd. said it suspended operations at its new facility at the Kinsevere mine in December 2024 due to “unfavorable cobalt market conditions.” The government of Congo – which dominates production of ...
Miningmx22d
MMG mothballs cobalt processing plant in Congo
Bloomberg News said on Thursday the facility at Kinsevere mine would be suspended due to “unfavorable cobalt market conditions”. Opened only 15 months ago, 1,600 tons of cobalt was sold from the plant ...
Yahoo Finance22d
China’s MMG Halts New Congo Plant After One Year on Cobalt Slump
MMG Ltd. said it suspended operations at its new facility at the Kinsevere mine in December 2024 due to “unfavorable cobalt market conditions.” The government of Congo – which dominates ...
Mining22d
MMG halts new Congo plant after one year on cobalt slump
A Chinese state-controlled mining company mothballed a cobalt processing plant in the Democratic Republic of Congo only 15 months after opening it due to a historic slump in the price of the ...