Resolves YES if Luoyang Molybdenum reports cobalt production at the Tenke Fungurume mine exceeding 34,000 tonnes for the year 2026 in their official annual results, typically published in early 2027. The primary data source for resolution will be Luoyang Molybdenum's official filings or press releases, accessible via their corporate website or the Shanghai Stock Exchange announcements. This threshold is significant as the planned $2.5 billion investment aims to double the mine's cobalt production, potentially impacting global supply dynamics. The current production level is approximately 17,000 tonnes annually, so doubling would align with this threshold. The market considers the strategic importance of cobalt in battery production and the geopolitical implications of supply chain shifts.
Source: Article
1,000The $2.5 billion investment by Luoyang Molybdenum in the Tenke Fungurume mine in the DRC is expected to approximately double cobalt production at this major site. This expansion could significantly affect global supply, given Tenke Fungurume's strategic importance in the cobalt market. The article provides an impactful analysis of how this project could influence overall production numbers substantially by 2027.