Tengyuan Cobalt Industry: it has established a good cooperative relationship with large traders and has a stable source of copper and cobalt raw materials.

On March 18, Tengyuan Cobalt said on the investor interactive platform that the company's copper and cobalt resources mainly rely on external procurement, and after years of operation, the company has established a good cooperative relationship with Glencore, China Railway Resources and other mining companies and large traders, and can obtain more stable and reliable sources of copper and cobalt raw materials. In addition, the company has set up Congo Tengyuan in the Democratic Republic of the Congo as the company's ore raw material procurement base and product initial processing base in the Democratic Republic of the Congo. At present, Congo Tengyuan has obtained two exploration rights and one mining right in the Democratic Republic of the Congo (DRC), and has carried out joint development and exploration cooperation with the holders of mining rights in other high-quality mining areas.