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DRC imposes export suspension on cobalt, page-7

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redbaron

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05/03/25

10:17

Post #: 78137626
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Originally posted by mmmmgus: ↑

Hi Baron

If you are on X and have his handle - then have you tried responding to one of Deme's X tweets?

Meanwhile news from the DRC:
'Democratic Republic of Congo is starting to enforce a long-planned state monopoly to control production of hand-dug cobalt, broadening its efforts to boost prices for the battery metal by leveraging the country’s dominance over global supplies'.

'Entreprise Generale du Cobalt, or EGC, is now the only entity allowed to export so-called artisanal cobalt, according to new regulations signed by the prime minister and mines minister on Feb. 21. At the same time, the government also imposed a 4-month suspension on cobalt exports of any kind, in a move that could cause prices to skyrocket'.

https://www.mining.com/web/congo-to-enforce-artisanal-cobalt-monopoly-after-export-halt/

...and...
'Since imposing its three month ban, the Congolese government has suggested it may introduce cobalt export quotas to curb oversupply and boost prices. However, no final decision has been made, according to reports'.

https://www.miningmx.com/trending/60272-congo-cobalt-ban-is-likely-to-fail/

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Congo courts Trump for strategic minerals tie-up as war looms
From Bloomberg,
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JRV Price at posting: 1.1¢ Sentiment: None Disclosure: Held
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