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DRC set to replace ban on cobalt exports with strict annual quotas

Africanews · Just In
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Just In

The world’s top producer of the mineral says it will now control global supply through strict annual export quotas, starting October 16th.

Breakdown
  • DRC will end its ban on cobalt exports and introduce strict annual quotas.
  • Export limits are set at 18,125 tons for the rest of the year and 96,600 tons for 2026 and 2027. 15s
  • The previous ban was implemented after cobalt prices reached a nine-year low. 33s
  • The quota system aims to reduce oversupply, support prices, and address illegal mining linked to conflict. 44s
  • 10% of exports will be reserved for national projects, and the regulator can buy back excess stockpiles. 58s
Mining & Resources