Zhejiang Huayou Cobalt Co., Ltd. is a sino-foreign contractual joint venture manufacturer professional in smelting of cobalt, nickel and copper with hydrometallurgy and processing of new chemical materials. Huayou has 3 entirely qualification subsidiaries and 1 holding subsidiary company. Huayou situates in the economic development zone of Tongxiang Zhejiang, right on the spot that connects Zhejiang, Shanghai and Jiangsu, near from both Shanghai and Ningbo port, and is with convenient transport and favorable economic environment. Now Huayou has become the largest manufacturer of cobalt chemical materials in China, and also has become one of the largest manufacturers of cobalt chemical materials all over the world. The producing capacity of cobalt reached 3000 MT. Cobalt oxide produced by Huayou occupies 1/4 in the international market. The export amount of cobalt sulfate occupies 90％ in China. And Huayou is the second largest supplier of cobalt tetroxide in china.
Hurray cobalt industry divides its overseas investment into two levels: the industry platform, and service platform . Industrial platform is currently concentrated in the Congo (DRC) and Zambia, with mainly mining and smelting development; service platform is in South Africa, Hong Kong, china subsidiaries.
The investment in D.R.Congo and other African countries, and the production and management of CDM Company of Huayou in D.R.Congo have received high affirmation, praise and welcome from the local government, communities and people. For example, in Jun.12th,2008, the governor of Katanga visited CDM company with officers from national relevant functional departments and spoke highly of the operation and management of CDM company. This event was reported extensively by the state television of D.R.Congo and other local media organizations. In Jun.19th, 2008, the ambassador of People’s Republic of china to D.R.Congo, Mr. Wu Zexian visited CDM Company. He also gave high praise and encouragement to the investment and achievement of Huayou and CDM Company in D.R.Congo. The journalist Wangshao, from Xinhua News Agency of Kinshasa was accompanying. In Jun.30th, 2008, invited by local government, CDM send 40 Chinese and local employees to attend the celebration of National Day of D.R.Congo.