Xin Hua Cai Jing·2025-10-13 02:32Group 1: Cobalt Export Quotas - The details of cobalt export quotas from the Democratic Republic of Congo have been finalized, with the top three companies being Luoyang Molybdenum, Jiana Co., and Eurasian Resources, holding shares of 35.9%, 27.3%, and 21.6% respectively [1] - The total quota for 2026 and 2027 is set at 96,600 tons, which includes a basic quota of 87,000 tons allocated to various production companies and a strategic quota of 9,600 tons [1] - Under this quota system, only about 44% of the production can be exported, resulting in a reduction of over 100,000 tons [1] Group 2: Cobalt Market Dynamics - Based on estimates for 2024, with a supply of 270,000 tons and demand of 230,000 tons, the market is expected to shift from a surplus of approximately 70,000 tons to a shortage of about 30,000 tons, potentially driving cobalt prices higher [1] Group 3: Rare Earth Export Controls - The Ministry of Commerce has issued four documents to strengthen export controls on rare earths, adding five categories of medium and heavy rare earths to the export control list [1] - The strategic position of rare earths is further reinforced, with expectations of increased overseas stockpiling actions, which may lead to further price increases for rare earths [1] - China's control over the entire rare earth industry chain, from mining to recycling, is expected to complicate the establishment of independent overseas rare earth supply chains, extending the time required and enhancing China's competitive advantage in rare earths [1]