DRC Defends Cobalt Export Suspension as Strategic Move to Stabilize Global Prices
DRC Says Cobalt Export Ban Prevented Market Crash as Prices Surge from $21,000 to $50,000 per Ton The Democratic Republic of Congo (DRC) has reaffirmed the rationale behind the temporary suspension of cobalt exports, a measure implemented by the Regulatory and Control Authority for Strategic Mineral Substances Markets (ARECOMS). Despite criticism from some stakeholders, the government maintains that the decision was necessary to protect the country’s strategic mineral and prevent a collapse in global prices. As the world’s leading holder of cobalt reserves, the DRC argued it had both the…
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