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Tengyuan to construct US$134.2 million mineral processing plant DRC
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Tengyuan to construct US$134.2 million mineral processing plant DRC
Tengyuan Cobalt Industry New Materials, a Chinese manufacturer of electric vehicle battery materials, plans to invest US$134.2 million to construct a new mineral processing plant in the Democratic Republic of the Congo, aiming to strengthen its access to raw materials. Tengyuan intends to establish a joint venture with a local partner to develop the plant …
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