Chinese Cobalt Producer Galico Addressing Cash Flow Issues

Metal Bulletin reported that management at Zhejiang Galico Cobalt & Nickel Material Co. Ltd., a Chinese cobalt producer, is interested in selling a stake in the company due to cash flow issues.

GM Jerry Shao commented:

Galico is in discussions with several big groups and companies in the hope of channelling in strategic investors to help strengthen its finances.

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