DRC Cobalt Restrictions Send Global Prices Soaring
DRC Cobalt Export Restrictions Drive Prices Up 150% as Global Supply Tightens The Democratic Republic of Congo’s restrictions on cobalt exports have triggered a sharp increase in global prices, highlighting the country’s growing influence over the supply of one of the world’s most important battery metals. According to S&P Global, cobalt prices surged by about 150% following the introduction of export controls by the DRC. The measures have significantly tightened global availability and increased concerns among refiners and manufacturers over access to cobalt feedstock. The DRC introduced an export suspension…
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