Cobalt Prices Fall to a 21-Year Low! Congo Urgently Halts Cobalt Exports for Four Months to Save the Market

feb 25, 2025, at 2:34 am

[Cobalt Prices Plunge to a 21-Year Low! DRC Urgently Halts Cobalt Exports for Four Months to Stabilize the Market] According to information from Zhitong Finance APP, the Democratic Republic of Congo (DRC) announced a four-month suspension of cobalt exports to address the supply surplus of battery metals in the international market. The DRC's cobalt production accounts for about three-quarters of the global EV battery supply. In recent years, due to CMOC's expansion of production at two large mines in the country, cobalt supply has exceeded demand, leading to a price collapse and a surge in the DRC's cobalt production. (Zhitong Finance)

ARTÍCULO ANTERIOR
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SIGUIENTE ARTICULO
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Cobalt Prices Fall to a 21-Year Low! Congo Urgently Halts Cobalt Exports for Four Months to Save the Market

The 36th Regiment Signed a 5.33 Billion Hydrogen ESS Peak Shaving Power Station Project with Guangdong Nankong Electric Power.

[SMM Rare Earth Morning Meeting Summary] Market Low-Priced Supply Tightens, Buyers Hold Strong Sentiment of Wait-and-See