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
Sasol opens Temane gas-processing plant to supply 450-MW power station Facility integrates extraction and delivery to boost Mozambique’s electricity...
Exxaro buys majority stakes in 138-MW wind and 75-MW solar plants Acquisitions lift Cennergi’s capacity to 317 MW, supporting mining power needs...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in forex while aiming for $15M in regional cement...
Niger accuses Orano of storing 400 barrels of radioactive material near Arlit Orano denies any activity at the site and rejects responsibility for...
Most Read
01

Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...

Cameroon: State Owned Telecommunication Company To Enter Mobile Money Market
02

Kossi Ténou succeeds Badanam Patoki as president of the AMF-UMOA. Ténou brings over 20 years of e...

Togo’s Kossi Ténou Appointed President of AMF-UMOA
03

BYD plans to open 35 dealerships in South Africa by Q1 2026, earlier than initially scheduled...

South Africa: BYD Targets 35 Dealerships by End-March 2026
04

The government will apply a 15% tax on all payments to foreign digital platforms starting Jan. 1...

Zimbabwe to Impose 15% Tax on Foreign Digital Services From 2026
05

Francophone Sub-Saharan Africa hosts 860+ startups but faces deep structural weaknesses EY urges...

Major Tech Reforms Needed for Francophone SSA to Attract More Investment, Report Says
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.