“Why ramp up {Cobalt & Critical Resources} production when prices are at rock bottom? The answer, it turns out, may have nothing to do with short-term profits and everything to do with the future.
Analysts, including us, initially viewed this as an attempt to squeeze out competition. If China dominates the cobalt supply chain, private companies in the United States, Australia, and Europe may find competing unprofitable, leaving China with an unchallenged grip on a critical resource. However, after recently speaking with a group of Chinese mining executives, a different picture emerged—one that underscores China’s distinctive ability to think in decades rather than financial quarters.”
An excerpt from today’s China Global South Project… well worth a read to appreciate Chinese strategy in the global southern hemisphere.
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