Business

China’s supply-chain scramble now comes with added commodities

NEW YORK: Early this month a deal was struck for a mine on the outskirts of the Congolese jungle.

Freeport-McMoRan Inc agreed to sell its copper and cobalt mine in Congo to China Molybdenum Co (CMOC) for US$2.65bil.

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Business , Freeport-McMoRan , China Molybdenum , cobalt , acquisition , supply chains

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