DR Congo Prepares A New Cobalt Export System After Export Ban Recovers The Market - Glencore (OTC:GLNCY), CMOC Group (OTC:CMCLF)

The cobalt export suspension from the Democratic Republic of Congo (DRC) will expire on October 15. The restriction, imposed in February, extended in June and again on Sunday, had a profound impact on the market price of battery metal, which recovered over 60% since February.Per Bloomberg's report, the officials in Kinshasa will replace the blanket ban with a quota-based system aimed at curbing oversupply without halting shipments entirely. The new system will launch on October 16, with miners shipping a ma ...