Glencore Launches First Cobalt Exports Under DRC’s New Quota Regime
Congo Resumes Cobalt Exports With Glencore’s First Shipment, Easing Global Supply Pressures Glencore has become the first mining company to export cobalt under the Democratic Republic of Congo’s (DRC) newly introduced quota system, sending an initial pilot shipment to test compliance procedures, according to government and industry sources. Authorities cleared the shipment this week, pending payment of a 10 percent royalty. The approval marks the first resumption of exports after a months-long suspension that tightened global supply and contributed to sharply higher cobalt prices. The DRC produces more than 70…
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