Africa – Authorities efforts to prop up the worth of cobalt

Reuters (gated) with the data, this briefly:

• The Democratic Republic of Congo is contemplating introducing cobalt export quotas because the world’s greatest provider of the battery metallic seeks to curb oversupply and increase costs.
• Cobalt costs are languishing at traditionally low ranges amid slackening demand from automakers and as mines ramp up manufacturing of copper, from which cobalt is extracted as a by-product, to capitalize on excessive costs.
• The plan to introduce limits has been mentioned throughout the Congolese authorities however no closing determination has been taken but

Reuters cite “three sources aware of the main points, who declined to be named discussing delicate issues”.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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