DRC to Review Cobalt Export Ban as Expert Warns of Diminishing Benefits
DRC Expected to Reassess Cobalt Export Suspension at Council of Ministers Meeting The Congolese government is expected to review its cobalt export suspension—renewed last June—at the conclusion of the 59th Council of Ministers meeting this Friday. Mining expert Léonide Mupepele warns that the policy is no longer delivering benefits to the Democratic Republic of Congo (DRC). Mupepele argues that while the initial suspension boosted cobalt prices significantly, subsequent extensions have had little effect. “The first time, prices jumped from $21,000 per tonne to $33,000, a gain of $13,000. But after…
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