06
Aug
13:37
COPPER, COBALT: China Moly to double output from Tenke Fungurume mine
China Molybdenum says it will spend $2.51 billion to double the production of copper and cobalt at its giant Tenke Fungurume mine in the Democratic Republic of the Congo, Kallanish has learned.
China Moly said in a filing with the Shanghai Stock Exchange that the investment will go toward building three ore production lines that would boost average copper output by 200,000 tonnes and increase cobalt output by 17,000 t, Reuters reported. The money would come from c…
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Anonymous
Very good overview of the weekly steel market.
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