CMOC Group

Type: Company | Ticker: 3993.HK (HKEX) | Sub-theme: Cobalt + copper (DRC)

CMOC Group (China Molybdenum Co.) is the world's largest cobalt producer, operating the Tenke Fungurume (TFM) and Kisanfu copper-cobalt mines in the DRC. It is a strategically important entity for understanding the cobalt/copper supply chain: its rapid production ramp in 2022-2023 (following resolution of DRC government royalty disputes) flooded the cobalt market and contributed to the cobalt price collapse. It also surpassed Kazatomprom briefly as a major force in cobalt through Chinese state backing.

Key Facts

• Tenke Fungurume (DRC, 80%): massive copper-cobalt mine acquired from Freeport in 2016
• Kisanfu (DRC, 95%): high-grade cobalt deposit acquired from Freeport in 2020
• Combined cobalt output: world's largest (~40,000-50,000 t/yr CoEq)
• Moly (molybdenum): China domestic operations in Luoyang
• Strategic context: Chinese state-linked entity expanding DRC critical minerals control

Mentioned In

• Processing Chokepoint — CMOC exemplifies China's DRC-based cobalt supply chain control