Glencore says much of cobalt production likely to be unsold by end of year citing Congo export ban

DRC cobalt export ban may see much of Glencore's output unsold by end of year

Glencore said on Wednesday a significant portion of its cobalt production is likely to remain unsold by the end of 2025 due to the Democratic Republic of Congo's suspension of cobalt exports.

Glencore says much of cobalt production likely to be unsold by end of year citing Congo export ban

Congo is the world’s top cobalt supplier and imposed a four-month suspension on exports in February, then extended by three in June

Glencore expects substantial unsold cobalt amid Congo ban

GLENCORE said a significant portion of its cobalt would remain unsold in 2025 owing to the Democratic Republic of Congo’s extended export suspension of the battery metal, Reuters reported. The Congo initially imposed a four-month export ban in February after prices plummeted to nine-year lows, then extended the restriction by three months in June, the newswire said. The suspension aims to address global oversupply while allowing authorities addi…

Glencore says DRC cobalt stockpile has 'no impact' - The Northern Miner

Glencore (LSE: GLEN), the world’s second-largest cobalt producer, says its growing stockpile of unsold cobalt won’t materially affect the company as it contends with export restrictions in the Democratic Republic... The post Glencore says DRC cobalt stockpile has ‘no impact’ appeared first on The Northern Miner.