"Signing this framework agreement with Ningbo Shanshan
doesn’t mean China Molybdenum will ramp up output
in Tenke in the near term," a source close to the company told
Metal Bulletin. "However, it is beneficial to both parties if
an initial corporation framework is set up." Through the
framework agreement, CMOC and Ningbo Shanshan will also seek to
establish a strategic partnership relation for the acquisition
of cobalt and lithium resources...