Other Chinese companies producing cobalt approved for delivery against the LME contract include Jinchuan Group, Yantai Cash Industrial and GEM (Jiangsu) Cobalt Industry.
One of the prevailing China narratives in commodity markets is that the trade dispute with the United States is weakening demand in the world’s biggest importer of natural resources.
The Pentagon wants miners to describe plans to develop U.S. rare earths mines and processing facilities, and asked manufacturers to detail their needs for the minerals.
Donald Trump said in a memorandum on Saturday he did not concur with the investigation that found uranium imports threaten to impair U.S. national security.