A child breaks rocks extracted from a cobalt pit in Lubumbashi in the Democratic Republic of Congo. Prices of the metal have jumped in the past two years amid uncertain supplies and stockpiling activities. Photo: AFP

China goes all out to secure lithium, cobalt supplies – key to dominating the world electric car market

Cobalt, however, faces bigger challenges than lithium, which has seen bigger price gains over the past two years amid lack of certainty over new supplies, stockpiling and traders taking speculative positions

Topic |   Electric cars

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A child breaks rocks extracted from a cobalt pit in Lubumbashi in the Democratic Republic of Congo. Prices of the metal have jumped in the past two years amid uncertain supplies and stockpiling activities. Photo: AFP
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Eric Ng

Eric Ng

Eric joined the SCMP in 1998 after brief stints in a trading company and translation and editing roles at Dow Jones and Edinburgh Financial Publishing. He has close to 20 years of experience covering China's energy, mining and industrial materials sectors, and has recently added biotechnology to his coverage. Eric has a Masters of Business Administration degree.