Reuters exclusively reports China’s biggest cobalt refiner strives to expand battery minerals portfolio

Reuters reported exclusively that China’s biggest cobalt refiner, Zhejiang Huayou Cobalt, is seeking to invest in lithium mining and processing as it strives to expand its production of minerals for the electric vehicle market. Huayou Cobalt was looking at lithium opportunities, along with its partners, in Africa, Australia, South America and China’s western region Tibet, Executive Vice-President George Fang told Reuters in an interview for the Reuters IMPACT conference. Fang did not disclose targeted assets or the possible size of deals.