No 1 source of global mining news and opinion
CMOC Group plans to more than double copper output from its mines in the Democratic Republic of Congo over the next four years, setting a new much higher target for the metal as future demand is seen strengthening.
Copper and cobalt are among the metals that are expected to continue to register future robust demand due to their use in green technologies, such as electric vehicles, that are key to helping governments globally meet climate targets. CMOC said it forecasts cobalt output to rise to between 90,000 tons to 100,000 tons by 2028. CMOC last year became the world’s No. 1 cobalt mining company with production of some 55,000 tons, and could further outpace rivals including Glencore after raising its output forecast this year to 60,000 tons-70,000 tons.Still, cobalt prices at around $27,000 a ton have plunged 70% since early May 2022.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TuringBots Will Transform The Software Development Lifecycle By 2028Forrester is one of the most influential research and advisory firms in the world. We help leaders across technology, customer experience, digital, marketing, sales, and product functions use customer obsession to accelerate growth.
Read more »
Under Armour to Outfit U.S. Flag Football Teams When Sport Makes Olympic Debut in 2028Under Armour will dress the first Olympic team for the 2028 Summer Games as flag football and USA Football's U.S. National Teams make their debut.
Read more »
Long Beach approves venues for 2028 Olympic and Paralympic GamesCity Council approved venue-use agreements with Los Angeles Organizing Committee for the 2028 Olympics, including Marine Stadium, Long Beach Convention & Entertainment Center area and more.
Read more »
OSU Recruiting: Oklahoma State Extends Scholarship Offer to 2028 WR David ThomasHometown product and talented wide receiver David Thomas picked up his first Division I offer from the Cowboys on Thursday.
Read more »
Madisen Skinner Hopes to Play Alongside Sister Avery in 2028 OlympicsMadisen Skinner shared her future Olympic aspirations with Us Weekly exclusively ahead of the 2024 Games
Read more »
L.A. City Council panel backs billion-dollar plan to redo Convention Center for 2028 OlympicsWith Olympic events planned at the Convention Center, city leaders want to use the Games as an impetus for construction that could ultimately cost billions.
Read more »