Huayou Cobalt responds to the extension of the export ban on cobalt in the Democratic Republic of the Congo (DRC): it will not affect the company's normal production and operation in the short term.

Jin10 data on June 25th, on June 25th, regarding the extension of the export ban on cobalt in the Democratic Republic of the Congo, Tengyuan Cobalt responded that the company has a certain amount of safety stock, which will not affect normal production and operation in the short term. The company pointed out that in terms of raw materials, it can purchase a certain amount of cobalt raw materials through traders, and the pressure is not particularly high. In addition, secondary resources are an important part of its strategy, forming a good and close channel cooperation to obtain a certain share as a supplement. “The company will also follow the progress of the event closely and make corresponding preparations.” Tengyuan Cobalt stated.