https://en.sputniknews.africa/20250319/drc-to-impose-cobalt-export-quotas-seeks-partnership-with-indonesia-report-says-1071168933.html
DRC to Impose Cobalt Export Quotas, Seeks Partnership With Indonesia, Report Says
DRC to Impose Cobalt Export Quotas, Seeks Partnership With Indonesia, Report Says
Sputnik Africa
Last September, Indonesia announced its intentions to bolster economic collaboration with Zimbabwe, showing a strong interest in exploring lithium mining... 19.03.2025, Sputnik Africa
2025-03-19T18:05+0100
2025-03-19T18:05+0100
2025-03-19T18:05+0100
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democratic republic of the congo (drc)
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The Democratic Republic of Congo (DRC) plans to impose export quotas on cobalt following a four-month export ban, aiming to curb oversupply and stabilize prices, a Western media outlet reported.The move, announced during a cabinet meeting, will reportedly regulate exports while promoting local mineral processing.Cobalt, a key material in electric vehicle and mobile phone batteries, has seen prices plummet due to weak demand and increased copper production, from which cobalt is a by-product. DRC, the world's largest cobalt producer, is now looking to collaborate with Indonesia, another major supplier, to manage global supply and pricing.The quotas will be implemented in two phases—one controlling exports and the other focusing on domestic transformation of minerals.
https://en.sputniknews.africa/20240903/indonesia-strengthens-economic-ties-with-zimbabwe-exploring-opportunities-for-mining-lithium--1068122655.html
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indonesia, democratic republic of the congo (drc), cobalt, southeast asia, minerals, ban, suspension, export, cooperation, central africa
DRC to Impose Cobalt Export Quotas, Seeks Partnership With Indonesia, Report Says
Christina Glazkova
Writer / Editor
Last September, Indonesia announced its intentions to bolster economic collaboration with Zimbabwe, showing a strong interest in exploring lithium mining opportunities there as a part of a broader strategy to enhance bilateral relations.
The Democratic Republic of Congo (DRC) plans to impose export quotas on cobalt following a
four-month export ban, aiming to curb oversupply and stabilize prices, a Western media outlet reported.
The move, announced during a cabinet meeting, will reportedly regulate exports while promoting local mineral processing.
Cobalt, a key material in
electric vehicle and mobile phone batteries, has seen prices plummet due to weak demand and increased copper production, from which cobalt is a by-product. DRC, the world's largest cobalt producer, is now looking to collaborate with
Indonesia, another major supplier, to manage global supply and pricing.
“This strategic move seeks to ensure better market stability,” reportedly said Prime Minister Judith Suminwa Tuluka.
The quotas will be implemented in two phases—one controlling exports and the other focusing on domestic transformation of minerals.
