US EditionCongo extends cobalt export ban by three months
- The Democratic Republic of Congo extended its ban on cobalt exports by three months on June 22, 2025, aiming to curb oversupply in the market.
- The extension follows a four-month suspension starting in February that addressed high cobalt stock levels amid falling demand and low prices.
- ARECOMS, the regulatory agency, announced the extension while authorities consider implementing quotas among miners like Glencore, amid divisions with companies such as CMOC Group.
- Cobalt prices hit a nine-year low of $10 per pound, and some government officials expressed concerns about revenue, employment, and informal supply chains, according to Zack Hartwanger.
- ARECOMS plans to decide whether to modify, extend, or end the ban when the new period expires in September, reflecting tension between industrial goals and economic realities.
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DRC extends ban on cobalt export for another three months
A regulatory agency announced Saturday that the Democratic Republic of Congo has extended its ban on cobalt exports for three months, a measure aimed at curbing an oversupply of the key material for electric vehicle batteries.
·Pointe-Noire, Congo
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Congo Extends Cobalt Export Ban by Three Months to Curb Supplies
The Democratic Republic of Congo extended a temporary ban on cobalt exports for an additional three months, according to a statement from a regulatory agency, prolonging its efforts to rein in a glut on the international market.
·United States
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Leaning Left3Leaning Right2Center2Last UpdatedBias Distribution43% Left
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L 43%
C 29%
R 29%
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