Eurasian Resources Group, a diversified natural resources group based in Luxembourg, which has participated in the China International Import Expo for successively six years, has been seeking more opportunities and exploring trading cooperation during the event held in Shanghai in the past week, said a senior official of the company.

Wang Yun, general manager of ERG China, said as a major cobalt producer in the world, the group will adopt multiple ways to meet the demand of clients with Chinese investors.

"The outlook for cobalt demand is compelling, and it is therefore incumbent on us all to redouble our efforts, and despite the short-term swings of sentiment and all the recent market volatility, increase the much-needed investments in mining and refining of cobalt as the key metal required for the green energy transition," said the company

Wang mentioned that China's electronic vehicle market is developing rapidly, which has brought huge market demand which has led to an increase of the upper stream mining resources.

Under China's green economic development strategy, we believe that the country has great potential to further increase the new energy vehicle sales, he said.

As well as its size, the Chinese EV sector boasts strong supply chains and high levels of innovation. China's production of clean energy equipment such as wind power and photovoltaic power generation also ranks first in the world, and it accounts for over 70 percent of the global production of polycrystalline silicon, silicon wafers, batteries, and components.

The company expected a stable recovery and sustained growth in the aerospace and medical sectors, which will continue to underpin the metal demand for cobalt globally, said Wang.