S hen Jinhua is a Chinese businesswoman who derives her fortune from her stake in Zhejiang Huayou Cobalt, one of the world's largest producers of cobalt. She is the wife of Chen Xuehua, the chairman and founder of the company. While her husband is the public face and strategic leader of the business, Shen Jinhua holds a significant portion of the family's shares in the publicly listed company, making her a billionaire in her own right.
Huayou Cobalt is a critical player in the global supply chain for electric vehicles (EVs) and consumer electronics. Cobalt is an essential material used in the production of lithium-ion batteries, which power everything from smartphones to Teslas. The company has extensive operations, from mining and sourcing raw cobalt in Africa (primarily the Democratic Republic of Congo) to refining it into high-purity chemicals in China. The family's wealth has surged in recent years due to the booming demand for cobalt, driven by the explosive growth of the EV market. Shen Jinhua's role is primarily that of a major shareholder, representing the family's substantial ownership.
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