DRC Suspends Cobalt Exports for 4 Months, Citing Oversupply

DRC to enforce state monopoly on artisanal cobalt amid export ban
The Democratic Republic of Congo (DRC) has initiated a state monopoly to oversee the production and export of artisanal cobalt, reported Bloomberg. On 21 February, new regulations were established by the DRC's prime minister and mines minister,
DRC Suspends Cobalt Exports for Four Months, Citing Oversupply
The Democratic Republic of Congo (DRC), the world’s largest producer of cobalt, has halted all exports of the key battery metal for four months in an effort to curb oversupply and stop prices from falling further.
DR Congo to suspend cobalt exports for four months
An evaluation will be conducted after three months to determine whether to modify or lift the suspension. ARECOMS, established in 2019, oversees the regulation of strategic minerals such as coltan, cobalt,
Congo suspends cobalt exports for four months amid glut
The Democratic Republic of Congo says it’s suspending cobalt exports for four months to rein in oversupply of the battery metal on the international market.
Congo imposes temporary cobalt export ban to address supply glut
The Democratic Republic of Congo (DRC), the world's leading cobalt producer, has temporarily suspended cobalt exports for at least four months in response to an oversupply in the market, reported Bloomberg.
DRC Suspends Cobalt Exports to Stabilize Market
The Democratic Republic of Congo, the world’s number one cobalt producer, has banned all exportation of the metal for a minimum of four months. According to the country’s Authority for the Regulation and Control of Strategic Mineral Substances' Markets (ARECOMS),
Exclusive: Congo weighs cobalt export quotas to revive prices amid supply glut
The Democratic Republic of Congo is considering introducing cobalt export quotas as the world's biggest supplier of the battery metal seeks to curb oversupply and boost prices, three sources familiar with the details told Reuters.
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