Congo may extend cobalt export suspension, President says
The Democratic Republic of Congo may extend a suspension of cobalt exports beyond a planned four-month period as it considers ways to maintain higher prices for the electric-vehicle battery material, President Felix Tshisekedi said. Cobalt prices have soared more than 50% from a two-decade-low since Congo implemented the export ban on Feb. 22 to rein in oversupply. The central African nation accounts for about three-quarters of world production
The Democratic Republic of Congo may extend a suspension of cobalt exports beyond a planned four-month period as it considers ways to maintain higher prices for the electric-vehicle battery material, President Felix Tshisekedi said. Cobalt prices have soared more than 50% from a two-decade-low since Congo implemented the export ban on Feb. 22 to rein in oversupply. The central African nation accounts for about three-quarters of world production
