DR Congo’s president defends new cobalt export quota

DR Congo’s president defends new cobalt export quota

DR Congo’s new quotas on cobalt exports will help the country benefit from global trade in the critical mineral, President Félix Tshisekedi said. The country produces about 70% of the world’s cobalt, a crucial component in electric vehicle batteries and mobile phones, and had suspended cobalt exports entirely in February over crashing prices.“It is going to lead to an increase in the price of cobalt, and this is going to contribute to the develo…

DRC SAYS IT ‘WILL NOT BE CONTROLLED BY CHINESE’ AMID OPPOSITION TO ITS COBALT EXPORT QUOTAS

Thu 25 September 2025: Democratic Republic of Congo will stick to its recently announced quota system for cobalt exports, with revisions only possible in the long term if the government sees them as necessary, the country’s mining minister said on Wednesday. The mining minister, Louis Watum Kabamba, told Reuters in an interview on the sidelines […]

Congo unmoved on cobalt export quota system

THE Democratic Republic of Congo will maintain its recently announced cobalt export quota system with the country’s mining minister ruling out immediate revisions, said Reuters. Instead, the Congo was determined to secure fairer pricing for the critical battery material, the newswire added. Mining Minister Louis Watum Kabamba told the newswire his government prioritised investments involving increased local cobalt processing to enhance export va…