A Chinese state-controlled mining company mothballed a cobalt processing plant in the Democratic Republic of Congo only 15 ...

Chinese state-controlled mining company MMG suspended its cobalt processing plant at the Kinsevere mine in the Democratic ...

Chinese state-owned miner MMG has mothballed production at its cobalt processing plant in the Democratic Republic of Congo.

Cobalt, a key battery metal used in the production of electric vehicles (EVs), is one of the DRC’s major exports. The move comes a mere 15 months after the opening of the processing plant at the ...

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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 ...

While MMG started commissioning the cobalt plant in September 2023, the facility was placed in so-called care and maintenance ...