Core Viewpoint - The recent updates on cobalt export policies in the Democratic Republic of Congo (DRC) are expected to significantly impact global cobalt supply and prices, benefiting companies involved in cobalt mining and refining, particularly those with operations in Indonesia and the DRC [1]. Group 1: Cobalt Export Policy Changes - The DRC government updated its cobalt export policy on September 20, extending the cobalt export ban to October 15, 2025, and limiting export quotas for 2026-2027 to only 44% of annual production [1]. - This policy is anticipated to lead to a substantial reduction in global cobalt supply from 2025 to 2027, resulting in a strong potential increase in cobalt prices [1]. Group 2: Company Implications - Companies with cobalt refining operations in Indonesia and those owning mines in the DRC are expected to benefit significantly from the anticipated rise in cobalt prices [1]. - The firm Minsheng Securities believes that the DRC government's firm stance on supporting cobalt prices indicates a high likelihood of implementing a quota system, leading to a contraction in supply and a clear upward shift in cobalt prices [1].
力勤资源再涨超4% 本周累涨约35% 公司销量不受刚果金出口限制影响