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Congo extends cobalt export ban by three months
- The Democratic Republic of Congo extended its cobalt export ban by three months on June 22, 2025, aiming to curb oversupply of battery material.
- The ban follows a four-month suspension from February, imposed after cobalt prices fell to a nine-year low of $10 per pound.
- ARECOMS cited continued high market stock levels as the reason for the extension while authorities review export quotas among mining firms.
- Several miners, including Glencore—the world's second-largest cobalt producer—support quota proposals, while China's top producer CMOC lobbies to lift the ban.
- The extension highlights tension between industrial policy and economic realities, with a final decision expected before the three-month period ends in September 2025.
25 Articles
25 Articles
Africa tightens grip on key minerals
Governments across Africa have tightened their control of key minerals, the latest signs of a shift toward resource nationalism. DR Congo, the world’s top producer of cobalt — a key component in batteries and mobile phones — said it would halt exports of the mineral as it looks to boost prices, while Niger said it would nationalize a French-run uranium mine. As China, the US, and Russia vie for control of Africa’s natural resources, nations on t…
No one knows what will happen after September.
The authorities of the Democratic Republic of the Congo (DRC) have announced a three-month extension to the temporary ban on the export of cobalt, a measure introduced last February. The decision seeks to "equip supply with global demand", after this strategic metal reached its lowest price in nine years. READ ALSO: At least 17 bodies extracted after mine collapse in the Democratic Republic of the Congo The Regulatory and Market Control Authorit…
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