Business International News Minerals Cobalt, DRC Micheal van Wyk February 26, 2025 0 Comments

DRC Suspends Cobalt Exports to Stabilize Market

The Democratic Republic of Congo, the world’s number one cobalt producer, has banned all exportation of the metal for a minimum of four months.

According to the country’s Authority for the Regulation and Control of Strategic Mineral Substances’ Markets (ARECOMS), the move is intended to regulate the cobalt market. Currently, there is an oversupply of the metal, leading to a sharp decline in prices. The export curtailment affects cobalt from all mining sources, including artisanal operations.

To ensure the ban is enforced, ARECOMS issued a decree jointly signed by its president, Patrick Luabeya, and Congo’s Mines Minister, Kizito Pakabomba. The ban will be effective from February 22.

Source: Reuters

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Micheal van Wyk

Michael van Wyk — Head Writer, MiningFocus Africa Michael van Wyk is the Head Writer for MiningFocus Africa, specializing in Africa’s mining and resources sector. With over a decade of experience, he reports on gold, copper, critical minerals, and mining digitisation, translating complex industry trends into clear, actionable insights. Michael has interviewed top executives, policymakers, and technical experts, making him a trusted voice on the continent’s mining markets and investment landscape.