Metals ticked higher supported by market optimism around interest rate cuts next year and hopes of a brighter demand outlook.
The Democratic Republic of Congo, the world’s top producer of cobalt, is ready to welcome more U.S. investments in its mining industry, which is dominated by Chinese miners, the country’s president said.
For over a decade, Chinese companies have spent billions of dollars buying out U.S. and European miners in Congo’s cobalt belt, dominating the production of a metal that has become critical to the global transition to cleaner energy.