DR Congo stops cobalt exports in attempt to halt sliding prices

Kinshasa has decided to suspend for four months the exports of cobalt, which is used in particular for the manufacture of rechargeable batteries. DRC, which accounts for three quarters of the world's production.

Congo is the main supplier of cobalt on the world market. Now the Democratic Republic has announced that it will suspend exports for months to curb the oversupply of the coveted battery metal on the international market – and to stop the dramatic fall in prices.

Congo-Kinshasa: DRC to Suspend Cobalt Exports for 4 Months

[Independent (Kampala)] Kinshasa, DRC -- The Democratic Republic of the Congo (DRC) has announced a four-month suspension of cobalt exports to regulate supply amid concerns of overproduction in the global market, authorities said Monday.

DR Congo stops cobalt exports in attempt to halt sliding prices

World’s top producer of metal used in electric vehicle batteries moves to counteract ‘overabundance of supply’

DR Congo to suspend cobalt exports for 4 months

KINSHASA, Feb. 24 (Xinhua) -- The Democratic Republic of the Congo (DRC) has announced a four-month suspension of cobalt exports to regulate supply amid concerns of overproduction in the global market, authorities said Monday. Read full story

Congo Suspends Cobalt Exports for Four Months Amid Oversupply

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.