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
DRC reports illegal Dangote cement imports via Linda and Bouming ports Trade minister calls for investigation, urges tighter controls on cement...
African airlines lead with 14.7% cargo volume growth in September 2025 Africa-Asia routes drive gains; cargo capacity up 7.4% year-on-year Global air...
Algeria to upgrade national electricity monitoring system starting in 2026 SCADA overhaul aims to improve grid reliability and digital...
Nigeria’s cooking gas prices surge over 60% in October amid supply cuts NLNG maintenance, rising diesel costs, and naira depreciation drive...
Most Read
01

Wave launches Wave Bank Africa in Côte d'Ivoire with $32M capital Move follows €117M fu...

Wave Launches Commercial Bank in Côte d’Ivoire
02

Sonatel is a major telecom company in West Africa that investors trust, offering steady growth and...

Sonatel Stock Nearly 19% Rise Over the Year, Signals Undervalued Telecom Giant Poised for Further Growth
03

Cameroon's Constitutional Council declared Paul Biya the winner of the presidential election, secu...

Presidential Elections: Paul Biya Declared Winner in Cameroon, Alassane Ouattara Favorite in Ivory Coast
04

ECOWAS will integrate AI into its early warning systems to strengthen crime prevention and intelli...

ECOWAS Deploys Artificial Intelligence to Combat Organized Crime
05

With its presidential election set for tomorrow, October 25th, Côte d’Ivoire is entering a decisive ...

Côte d’Ivoire Heads to the Polls as Investors Balance Optimism and Caution
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.