Congo May Extend Cobalt Export Suspension, President Says
The government is considering a number of measures including export quotas that could allow it to better control the price in the future.
Photographer: Lucien Kahozi/BloombergThis article is for subscribers only.
Democratic Republic of Congo may extend a suspension of cobalt exports beyond a planned four-month period as it considers ways to maintain higher prices for the electric-vehicle battery material, President Felix Tshisekedi said.
Cobalt prices have soared more than 50% from a two-decade-low since Congo implemented the export ban on Feb. 22 to rein in oversupply. The central African nation accounts for about three-quarters of world production.