A China-made Tesla Model 3 electric vehicle on display at a car show in the southern city of Guangzhou. Photo: Reuters A China-made Tesla Model 3 electric vehicle on display at a car show in the southern city of Guangzhou. Photo: Reuters
A China-made Tesla Model 3 electric vehicle on display at a car show in the southern city of Guangzhou. Photo: Reuters

China’s demand for electric cars drives cobalt prices to highest level in two years

  • The metal is largely mined in the Democratic Republic of Congo and Chinese companies are investing heavily there
  • Cobalt is a key ingredient in lithium-ion batteries and analysts predict more price rises to come

Topic |   China-Africa relations
A China-made Tesla Model 3 electric vehicle on display at a car show in the southern city of Guangzhou. Photo: Reuters A China-made Tesla Model 3 electric vehicle on display at a car show in the southern city of Guangzhou. Photo: Reuters
A China-made Tesla Model 3 electric vehicle on display at a car show in the southern city of Guangzhou. Photo: Reuters
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