In the race for key raw materials for lithium-ion batteries, China now appears to be leading the cobalt push, with its CMOC Group boosting production up over 170% in the Democratic Republic of Congo (DRC) and propelling it past Swiss-based Glencore. According to CMOC in a Thursday report, cobalt production rose 174% in 2023 to reach 55,526 metric tons, compared to the most recent third-quarter 2023 data showing Glencore cobalt output guidance at a maximum of 42,000 tons, according to Reuters. CMOC said it expected additional increases…
