Cofco

Sudden Export Ban from Congo Sends Cobalt Stocks Soaring in China

2 months ago

In a surprising turn of events, the Democratic Republic of Congo, one of the world’s largest producers of cobalt, has announced an unexpected ban on the export of the mineral. This move has sent shockwaves throughout the global markets, particularly impacting the cobalt sector. As a primary component in lithium-ion batteries, cobalt plays an essential role in various industries, including electric vehicles and renewable energy storage, making its supply critically important.

Cofco's Strategic Move: New Grain Terminal Set to Propel Brazil's Agricultural Exports

2 months ago

China's state-owned food and agriculture conglomerate, Cofco Corp, is on the verge of opening a new grain terminal in Brazil. This expansion marks a significant milestone for the company as it aims to enhance its operational footprint in one of the world's largest agricultural markets. The new terminal is poised to strengthen Brazil’s position in the global grain export industry, enabling more efficient shipping and distribution of grains to international markets.

COFCO Faces Tough Times as China Steps in to Protect Local Farmers

3 months ago

In a significant turn of events, China’s state-owned food giant COFCO has been compelled to resell multiple cargoes of wheat due to new government policies aimed at shielding domestic farmers from foreign competition. The decision comes as Beijing aims to stabilize domestic grain prices amid rising global food costs.