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2025-03-17 17:47:03
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finance.yahoo.com on Nostr: finance.yahoo.com ✍️ US firms are buying cobalt metal produced in Indonesia by ...



✍️ US firms are buying cobalt metal produced in Indonesia by China's Lygend Resources, avoiding tariffs imposed by the Trump administration on imports from China.
👉 US firms are buying cobalt metal produced in Indonesia by China's Lygend Resources, avoiding tariffs imposed by the Trump administration on imports from China.
👉 Cobalt is a key component in electric vehicle batteries and defense equipment.
👉 Global oversupply of cobalt has pushed prices down to nine-year lows.
👉 The suspension of cobalt exports from the Democratic Republic of Congo (DRC) for four months may not significantly impact the market due to the significant oversupply.

#PratimaDesai #DonaldTrump #AmyLv #BernadetteChristina #JanHarvey #Indonesia #China #Canada #DemocraticRepublicofCongo #Norway #Japan #Madagascar #LONDON #business

https://media.zenfs.com/en/reuters-finance.com/5ac0ae6eba78b8cd975362ec6e214941

https://finance.yahoo.com/news/exclusive-cobalt-produced-chinas-lygend-173001485.html

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