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DR Congo Extends Cobalt Export Ban Amid Market Oversupply
DR Congo Extends Cobalt Export Ban Amid Market Oversupply
Sputnik Africa
DR Congo Extends Cobalt Export Ban Amid Market Oversupply 23.06.2025, Sputnik Africa
2025-06-23T15:45+0200
2025-06-23T15:45+0200
2025-06-23T16:14+0200
democratic republic of the congo (drc)
central africa
mining
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DR Congo Extends Cobalt Export Ban Amid Market OversupplyThe ban is extended for another three months due to “the continued high level of stock on the market,” according to regulator ARECOMS.The move aims to stabilize prices after they hit a nine-year low. While some miners, like Glencore, reportedly support introducing export quotas, top producer CMOC Group has pushed for the ban to end.A final decision is expected by September.
democratic republic of the congo (drc)
central africa
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democratic republic of the congo (drc), central africa, mining
democratic republic of the congo (drc), central africa, mining
DR Congo Extends Cobalt Export Ban Amid Market Oversupply
15:45 23.06.2025 (Updated: 16:14 23.06.2025) DR Congo Extends Cobalt Export Ban Amid Market Oversupply
The ban is extended for another three months due to “the continued high level of stock on the market,” according to regulator ARECOMS.
The move aims to stabilize prices after they hit a nine-year low. While some miners, like Glencore, reportedly support introducing export quotas, top producer CMOC Group has pushed for the ban to end.
A final decision is expected by September.
