#Reuters: #China’s nonferrous group suggests commercial reserves for #Cobalt, #Nickel

China should improve its capability to secure nickel and cobalt resources and set up commercial reserves for the metals, the Shanghai Securities News (SSN) reported on Thursday, citing an official with the China Nonferrous Metals Industry Association.

The world’s top metals consumer still heavily relies on imported resources of the metals.

China’s domestic nickel and cobalt production only accounts for 5% and 2%, respectively, of its total consumption, SSN quoted Wang Jian, the vice chairman of the association, at an industry conference this week.

Read more at: China’s nonferrous group suggests commercial reserves for cobalt, nickel – media | Reuters

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