Producer
CMOC Group
Chinese mining giant that is the world's largest cobalt miner as of 2024. Operates Tenke Fungurume (TFM) and Kisanfu (KFM) mines in DRC. Produced 114,000 tonnes cobalt in 2024, representing ~41% global market share.
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Inputs supplied
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Goods downstream
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Facilities
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Stories
What they make
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Goods downstream
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Where they make it
2 facilities
Kisanfu Mine (KFM) →
CDLualaba Province, DRC · mine
High-grade cobalt deposit acquired from Freeport-McMoRan in 2020 for $550M. Combined with TFM, accounts for ~41% of global cobalt mine production.
Tenke Fungurume Mine (TFM) →
CDLualaba Province, DRC · mine
World's second-largest cobalt mine; copper-cobalt open-pit. Acquired from Freeport-McMoRan by CMOC in 2016. 450,000 tpa copper capacity.
What else they do
Business segments
The company's full revenue map — where this supply-chain role fits within their broader business.
Cobalt Mining (World #1)
40%Copper Mining (DRC)
35%Molybdenum (China Domestic)
10%Niobium (Brazil) + Other
15%
Intelligence
What's known
Sourced claims about this company's role in supply chains — chokepoints, concentration, incidents, dual-use connections.
Did you know2023
CMOC is publicly known as an EV battery supply chain company (cobalt for NMC batteries), but cobalt has three critical industrial uses that cross different strategic domains: (1) EV batteries — cobalt in NMC/NCA cathodes enables high energy density for electric vehicles; (2) aerospace superalloys — cobalt-based superalloys (Haynes, Stellite) withstand 1,000+ degree Celsius temperatures in jet engine hot sections; GE, Rolls-Royce, and Pratt & Whitney use cobalt superalloys for turbine blades; (3) medical orthopedics — cobalt-chromium alloys are the standard metal for hip and knee replacement implants because of biocompatibility and wear resistance. CMOC controlling ~41% of global cobalt simultaneously affects EV production (Tesla, BYD), commercial aviation maintenance (airline turbine blade replacement), and orthopedic surgery (hip/knee replacement demand is demographic and growing). A DRC mining disruption or Chinese government cobalt export restriction would simultaneously affect the three most strategically important industrial metals applications outside of semiconductors.
CMOC Group Limited ↗Origin2023
CMOC was originally Luoyang Molybdenum Group — a small Chinese state-owned enterprise mining molybdenum (a steel-alloying metal) in Henan Province. In 2016, CMOC acquired Freeport-McMoRan's Tenke Fungurume copper-cobalt mine in the DRC for $2.65 billion, entering a completely different metal and continent. In 2022, they acquired the adjacent Kisanfu mine from Lundin Mining. Within six years, a provincial Chinese molybdenum miner had become the world's largest cobalt producer controlling ~41% of global supply. The DRC mines had previously been operated by US company Freeport-McMoRan — CMOC's acquisition essentially transferred control of the DRC's largest copper-cobalt operations from a US company to a Chinese state-linked enterprise at a time when cobalt's strategic importance for EV batteries was becoming apparent. The Chinese government's strategic interest in battery supply chain control is commonly cited; the specific mechanism was a commercial acquisition approved by both the DRC government and the Committee on Foreign Investment in the United States (CFIUS) under Obama administration review.
CMOC Group Limited ↗