Browsing Tag

cobalt

Congo Halts Cobalt Exports for Four Months: Discover the Reasons

In an assertive move to recalibrate the international cobalt market, the Democratic Republic of the Congo has laid down the gauntlet by suspending cobalt exports for a minimum duration of four months. This bold decision was announced by the Authority for the Regulation and Control of Strategic Mineral Substances' Markets (ARECOMS), an authoritative body steering the minerals sector. As reported by Reuters, this ban could potentially alter the dynamics of a saturated market. Patrick Luabeya,…

DRC: Cobalt, artisanal mining cooperatives

Within the Democratic Republic of the Congo, the precept of a monopoly on the acquisition of artisanal cobalt granted to the overall cobalt firm EGC shares artisanal mining cooperatives within the Katanga area. For some, this precept dangers suffocating them. For the others, this monopoly from ECG, a public firm, will make it doable to clear the provision chain for this strategic mineral. These…

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