Top cobalt producer reduces exports

The Democratic Republic of Congo has decided to revoke unused cobalt export rights within the first-half quotas and reassign them to a government entity. This move aims to strengthen state control over exports from the world's largest cobalt producer, which holds over 70% of the reserves. This step comes as part of the country's efforts to support national projects, such as local mineral processing and increasing added value. Since February 2025, cobalt prices have surged by 160% due to a decline in global market supply. The new measures will be implemented starting July 2023, with warnings that full quotas may be withdrawn if companies fail to meet deadlines or violate regulations.

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