Congo Suspends Cobalt Exports for Four Months

Congo Suspends Cobalt Exports for Four Months Amid Glut
The Democratic Republic of Congo says it’s suspending cobalt exports for four months to rein in oversupply of the battery metal on the international market.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC,
Congo bans cobalt exports for four months to curb oversupply
The Democratic Republic of Congo, the world's top producer of cobalt, said on Monday it has temporarily halted the metal's exports to limit its flow on the market because it says it is over-supplied.
DR Congo stops cobalt exports in attempt to halt sliding prices
World’s top producer of metal used in electric vehicle batteries moves to counteract ‘overabundance of supply’
Congo imposes temporary cobalt export ban to address supply glut
The Democratic Republic of Congo (DRC), the world's leading cobalt producer, has temporarily suspended cobalt exports for at least four months in response to an oversupply in the market, reported Bloomberg.
Congo suspends cobalt exports for four months to counter oversupply, Bloomberg News reports
The Democratic Republic of Congo says it has suspended cobalt exports for four months to rein in oversupply of the battery metal on the international market, Bloomberg News reported on Monday. The measures came into force on February 22,
Congo’s cobalt export ban sparks chaos
SHARES of Chinese cobalt producers surged on Tuesday following a shock four month export ban on export of the metal by the Democratic Republic of Congo. Shares in Nanjing Hanrui Cobalt Co. jumped as much as 17% in Shenzhen,
China cobalt stocks surge after Congo unexpectedly bans exports
Cobalt stocks rose in China on Tuesday as a surprise export ban in the Democratic Republic of Congo lifted the near-term outlook for the material used in alloys and batteries. Shares in Nanjing Hanrui Cobalt Co.
Congo suspends cobalt exports for four months amid oversupply
The Democratic Republic of Congo says it’s suspending cobalt exports for four months to rein in oversupply of the battery metal on the international market.
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