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US Firm Takes Control Of One Of The "World's Largest" Cobalt Producers
US Firm Takes Control Of One Of The "World's Largest" Cobalt Producers
An American company has secured control of one of the largest cobalt producers outside Chinese ownership, delivering a strategic boost to U.S. efforts to compete with Beijing over critical minerals, according to the Wall Street Journal.
The buyer, Virtus Minerals, completed its acquisition of Congo-based Chemaf for $30 million, along with a pledge to invest roughly $720 million. The deal caps a years-long push, spanning both the Biden and Trump administrations, to ensure U.S. access to cobalt resources in...
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UBS Reactivates Supply-Chain Stress Watch After Detecting Alarmingly Rapid Deterioration
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Hormuz "Deserted" As Iran Expands Area Of Control; Hundreds Of Ships Cluster Near Dubai
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