November 7, 2018 / 2:22 AM / a year ago

BUZZ-Chinese cobalt product makers rise sharply on supply worry

** Shares in China’s leading cobalt product makers rise sharply on concerns over supply shortages as a mine in Africa temporarily suspends cobalt sales

** Zhejiang Huayou Cobalt and Nanjing Hanrui Cobalt soar by their daily limit of 10 pct

** Shanghai shares of China Molybdenum gain as much as 9.8 pct, while its Hong Kong shares jump 16.6 pct

** Glencore subsidiary Katanga Mining has halted cobalt exports from its Kamoto Project in the Democratic Republic of Congo while it builds a facility to remove uranium

** Huayou Cobalt is the best performer on the CSI300 materials index

** China’s blue-chip index up 0.3 pct

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