The Democratic Republic of Congo is weighing an extension of its cobalt export ban, originally set to expire this month. Sources close to the Ministry of Mines revealed that delays in finalizing a quota system have prompted officials to consider a two-month extension.
The move has sparked concern among global battery manufacturers and Chinese importers, who rely heavily on Congolese cobalt. While refined cobalt may be exempt, the uncertainty has disrupted supply chains and triggered price volatility.
Industry analysts warn that prolonged restrictions could incentivize illegal exports and undermine formal sector growth. However, Congolese officials maintain that the quota system will ensure equitable distribution and environmental compliance.