Wanbao Mining produces first cobalt hydroxide in Congo
2021-03-17 09:51:52 [Print]
Wanbao Mining said on Monday it had produced the first batch of cobalt hydroxide - a chemical used in batteries for electric vehicles (EVs) - from its Pumpi mine in the Democratic Republic of Congo (DRC) on March 12.
Wanbao, a subsidiary of state-owned Chinese military supplier Norinco, said the Pumpi copper-cobalt project in Kolwezi has now been fully commissioned following the production of the first copper cathodes six months ago.
Pumpi, in which Wanbao has a 75% stake, is designed to produce around 5,000 tonnes of cobalt hydroxide per year on a metal content basis; Morocco's Managem MNG.CS holds 20% and the DRC government 5%.
Wanbao, a subsidiary of state-owned Chinese military supplier Norinco, said the Pumpi copper-cobalt project in Kolwezi has now been fully commissioned following the production of the first copper cathodes six months ago.
Pumpi, in which Wanbao has a 75% stake, is designed to produce around 5,000 tonnes of cobalt hydroxide per year on a metal content basis; Morocco's Managem MNG.CS holds 20% and the DRC government 5%.
NCM 523 Delivered China
Unit:RMB/mt
China cobalt carbonate producers' inventory to production ratio statistics by province by month
Unit: %
