, Columnist
This Chinese Miner Could Kill the Battery Metals Boom
It’s in a position to flood the market in coming years, with new projects coming online across the tropics.
Transitioning to electric.
Photographer: Muhammad Fadli/BloombergThis article is for subscribers only.
If you’re thinking of investing in obscure battery materials to take advantage of the energy transition, there’s one company you should be watching right now: Zhejiang Huayou Cobalt Co.
Shares in the Shanghai-listed business have soared four fold over the past three years, to the point that it’s now worth more than Nippon Steel Corp., until recently the world’s third-largest steelmaker. What’s more important, though, is how it’s been spending its money.