China Moly, IXM join Fair Cobalt Alliance

Miners China Moly and IX Metal have joined Glencore and Huayou’s Fair Cobalt Alliance (FCA), a body whose aim is to professionalize the artisanal mining sector in the global heartland of cobalt production – the Democratic Republic of Congo (DRC).

“[Because we are] a large industrial miner that maintains strict product control and custody procedures, artisanal and small-scale mining [ASM] sits outside of our own cobalt supply chain, but we recognize that ASM, and those communities reliant on it, should not be neglected,” Julia Lang, director of China Moly’s sustainability executive committee, said.
China Moly is the second-largest cobalt producer in the world, an FCA press release said on Monday June 21.

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Michael Greenfield

June 22, 2021

12:17 GMT