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DRC Bans Copper & Cobalt Concentrate Exports to Boost Domestic Processing: Media

DRC Bans Copper & Cobalt Concentrate Exports to Boost Domestic Processing: Media

Sputnik Africa

DRC Bans Copper & Cobalt Concentrate Exports to Boost Domestic Processing: MediaThe ban took effect immediately, motivated by "the need to encourage mining... 06.08.2026, Sputnik Africa

2026-08-06T22:44+0200

2026-08-06T22:44+0200

2026-08-06T23:04+0200

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DRC Bans Copper & Cobalt Concentrate Exports to Boost Domestic Processing: MediaThe ban took effect immediately, motivated by "the need to encourage mining operators to market or export commercial mineral products ​with high added value," according to the June 29 government order cited by the media. The order also introduced a tax regime for mining by‑products, with a three‑month transition period. Following the announcement, copper prices surged 1.8% to $14,369.50 per tonne, approaching the all‑time high of $14,527.50 set in January.ℹ Congo has imposed similar bans in 2013, 2019, and 2023, but the latest order replaces the 2023 framework with broader rules governing mineral exports and taxation.Subscribe to @sputnik_africa Sputnik Africa | X

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