China’s Huayou Cobal says it is investing US$300 million to develop the Arcadia mine in Zimbabwe with an aim to expand production for the EV market. Photo: Shutterstock Images
China’s Huayou Cobal says it is investing US$300 million to develop the Arcadia mine in Zimbabwe with an aim to expand production for the EV market. Photo: Shutterstock Images

Chinese cobalt giant aims to have Zimbabwe lithium project delivering early next year

  • Zhejiang Huayou Cobalt says it is looking into adding value to local product for export
  • Chinese companies are making multimillion-dollar acquisitions to secure lithium supplies amid worldwide race to go green

China’s Huayou Cobal says it is investing US$300 million to develop the Arcadia mine in Zimbabwe with an aim to expand production for the EV market. Photo: Shutterstock Images
China’s Huayou Cobal says it is investing US$300 million to develop the Arcadia mine in Zimbabwe with an aim to expand production for the EV market. Photo: Shutterstock Images
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