Congo just gave the cobalt price another big boost, page-2

Kabila really is doing his best to kill investment in the DRC, forget the election woes and whatever will come of that.

This new 'super profits' tax is a huge weight to any new projects - 50% tax on " income realized when commodity prices rise 25% above levels included in a project's bankable-feasibility study."

Not to mention the new discretionary power of allowing the "the DRC to raise the royalty on cobalt to 10% from 2% if the government categorizes the mineral as a "strategic substance."

There was a reason the Glencore CEO flew to the DRC last month to personally talk Kabila down, bit of a game changer if he signs this bill..
https://www.bloomberg.com/news/arti...ers-with-last-minute-changes-to-legal-reforms