Mining

Cobalt Quotas in the DRC: Insights into the Latest Regulations

Cobalt Quotas in the DRC: Insights into the Latest Regulations
Thursday, 20 March 2025 12:13

The Democratic Republic of Congo has imposed quotas on cobalt production and stockpiles accumulated during the four-month export suspension initiated in February 2025. Prime Minister Judith Suminwa Tuluka announced this decision on March 14 during a Council of Ministers meeting.

As noted by Bankable.africa, the quotas will affect cobalt exports and local processing. The government did not specify exact volumes or enforcement methods. Officials have been instructed to implement these measures quickly and efficiently.

The DRC plans to partner with Indonesia, the world’s second-largest cobalt supplier with a 9.66% market share, to control global cobalt supply. Together, these nations produce over 85% of the world's cobalt. This collaboration could significantly impact the market.

Cobalt prices have increased by 84% since February 2025. Cobalt hydroxide now costs $10.5 per pound. Experts warn prices may drop if exports resume and flood the market. The government claims its measures will ensure "efficient supervision" of the export suspension.

The market's response to these new measures remains unclear. The Fédération des Entreprises du Congo (FEC) has expressed opposition. The FEC's Chamber of Mines sent a letter to Mining Minister Kizito Kapinga Mulume on March 7.

The FEC argues that the suspension violates the Congolese Mining Code. This code guarantees operators the right to market their products. The FEC believes the Mining Code supersedes the government's recent decision. The organization has proposed creating a public-private commission to address issues arising from the suspension.

Pierre Mukoko

 

On the same topic
(IMC MAROC)-The Morocco International Mining Congress (IMC 2025) officially opened yesterday, initiating two days of strategic dialogue, ministerial...
NNPC Ltd reported a post-tax profit of 5.4 trillion naira ($3.6 billion) for 2024, continuing a profit streak that began in 2020. Reforms under the...
Caledonia Mining must raise up to $484 million to build the Bilboes gold mine, with a payback period of 1.7 years. The project is expected to...
Desert Gold seeks funding to start mine at Mali’s Barani, Gourbassi sites Capital needs rise to $20.4M; mine plan updated for higher...
Most Read
01

Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...

Anthropic Partners with Rwanda, ALX to Deploy Claude-Powered AI Learning Companion Across Africa
02

(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing...

MCB deploys strategic financing to Invictus Investment to scale up its agro-food operations in Africa
03

S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...

S&P Raises Zambia’s Foreign-Currency Rating to CCC+
04

MTN Innovation Lab hosts Africa HealthTech Export 2025 Bootcamp in Cotonou Event targets s...

Africa HealthTech Bootcamp Opens in Benin With Focus on Regulation and Startup Growth
05

Attack risks internet disruptions; investigation launched near Massakory EU-funded project aims ...

Chad Reports Second Vandalism Attack on Key Internet Cable in Two Weeks
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.