Greater China Materials_ DRC Suspends Cobalt Exports; Impacts on CMOC and Huayou
2025-02-28 05:14
February 25, 2025 12:36 AM GMT Greater China Materials | Asia Pacific DRC Suspends Cobalt Exports; Impacts on CMOC and Huayou Key Takeaways What's new? Bloomberg reported DRC has suspended cobalt exports for four months, effective from Feb 22, to rein in the oversupply, according to the country's Authority for the Regulation and Control of Strategic Mineral Substances' Markets. DRC accounted for ~70% of global cobalt production in 2024. What's the impact? CMOC produced 114kt cobalt in 2024 and plans for 110 ...