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
Company is assessing copper recovery at its Bisie North project Metallurgical tests are nearing completion, with results expected soon Tin...
Gold reached a fresh all-time high during trading on December 23 Prices are supported by geopolitical tensions and rate-cut expectations Gold...
Farid Ghazali took office as APPO secretary general in December 2025 The organization has no binding power over national energy...
New heads named at Nigeria’s upstream and downstream oil regulators Appointments come amid disputes involving Dangote Group and fuel...
Most Read
01

Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...

Egypt attracts Polish Fruitful investment in horticultural processing
02

Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...

Kenya targets UK market to boost mango exports
03

In Africa, the transformation of food systems has become an urgent issue in the face of rapid popula...

AGRA’s Lilial Githinji “Leadership capacity remains the missing ingredient in Africa’s food systems transformation”
04

Airtel Africa signed a partnership with SpaceX to launch Starlink Direct-to-Cell satellite connect...

Airtel Africa Partners With SpaceX to Roll Out Starlink Direct-to-Cell
05

Central bank launches project for real-time transfers across banks and mobile wallets System aims...

Guinea readies instant payment system to speed transactions and cut cash use
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.