# Cobalt

The Silent Predator: How China’s 'Invisible Mining King' Built a 550 Billion Yuan Empire

Yu Yong, the low-profile founder of CMOC, has redefined the Chinese mining industry through aggressive, contrarian acquisitions and a unique 'mining + trading' business model. By 2025, his strategy has propelled CMOC into the top tier of global mineral producers, dominating the cobalt market and expanding rapidly into gold.