Saturday, August 30, 2025
  • Who’sWho Africa AWARDS
  • About Time Africa Magazine
  • Contact Us
Time Africa Magazine
  • Home
  • Magazine
  • WHO’SWHO AWARDS
  • News
  • World News
    • US
    • UAE
    • Europe
    • UK
    • Israel-Hamas
    • Russia-Ukraine
  • Politics
  • Crime
  • Lifestyle
  • Sports
  • Column
  • Interviews
  • Special Report
No Result
View All Result
Time Africa Magazine
  • Home
  • Magazine
  • WHO’SWHO AWARDS
  • News
  • World News
    • US
    • UAE
    • Europe
    • UK
    • Israel-Hamas
    • Russia-Ukraine
  • Politics
  • Crime
  • Lifestyle
  • Sports
  • Column
  • Interviews
  • Special Report
No Result
View All Result
Time Africa Magazine
No Result
View All Result
  • Home
  • WHO’SWHO AWARDS
  • News
  • Magazine
  • World News

Home » News » Congo may impose more cobalt curbs after four-month export ban

Congo may impose more cobalt curbs after four-month export ban

By Reuters

May 14, 2025
in News
0
541
SHARES
4.5k
VIEWS
Share on FacebookShare on Twitter

The Democratic Republic of Congo may impose strict curbs on exports of cobalt when its existing four-month export ban ends, the head of a government agency said on Wednesday.

Congo, the world’s leading producer of cobalt, imposed the export ban in February to try to revive prices for the metal, which is used for batteries for electric vehicles and mobile phones.

Patrick Luabeya, president of the Authority for the Regulation and Control of Strategic Mineral Substances’ Markets, told a conference in Singapore that Congo would implement further restrictions because of high stocks in the country and elsewhere.

He said the stockpiles that have depressed prices “have not yet been exhausted although they have been significantly reduced”.

ReadAlso

Congo Has Astronomical Rates of Sexual Violence. Now Victims Have Lost Access to Care

Ex-DRC President Kabila Faces Death Penalty for Treason, War Crimes

The government agency’s next decision “will inevitably imply a strict limitation of exports in whole or in part until market balance is reached with regard to the supply and demand of cobalt,” Luabeya said.

He also said the agency would consult industry players in June regarding the ban.

ADVERTISEMENT

Mines Minister Kizito Pakabomba earlier said in a speech the ban on cobalt exports is under review, without giving further details. The country is in talks with major stakeholders over next steps in its export policy, including miners Glencore, ERG, and CMOC, said.

In February, Congo imposed a four-month ban on cobalt exports to tackle oversupply of the battery metal on the international market.

In March, the country’s prime minister said it intended to impose export quotas on cobalt following the export ban, and plans to partner with Indonesia, another big producer, to manage global supply and pricing.

Tags: CobaltCongo
ADVERTISEMENT
Previous Post

China reveals the world’s first AI hospital with 42 AI doctors

Next Post

Apple working on brain implant to let users control devices with just their thoughts

You MayAlso Like

News

Relics From an Ancient Egyptian ‘Party Town’ Are Pulled Out of the Sea

August 29, 2025
News

Africa’s largest refugee-hosting country is facing backlash over US migrant deal

August 28, 2025
News

Delta State at 34: A Beacon of Progress and Promise, says Rector Delta State Polytechnic, Ogwashi Uku

August 27, 2025
News

Passenger train derails in Nigeria, 6 passengers injured

August 26, 2025
News

Stolen Soil, Land Grabbing: Mburubu Community Sends SOS to Enugu Govt

August 26, 2025
News

Gov Mbah Charges Civil Servants to Embrace e-Governance in Enugu

August 25, 2025
Next Post

Apple working on brain implant to let users control devices with just their thoughts

People attend the celebrations to marking the first anniversary of its ouster of President Ali Bongo, in Libreville, Gabon, August 30, 2024. REUTERS/Gerauds Wilfried Obangome/File

Gabon transfers wife and son of former President Bongo to house arrest

Discussion about this post

Inside the Battle for Ownership of Madonna University

Stolen Soil, Land Grabbing: Mburubu Community Sends SOS to Enugu Govt

New discovery at site of Jesus resurrection corroborates the Bible

NYSC Member Shares Harrowing Experience with Anambra Vigilantes

Tinubu’s Minister, Uche Nnaji Faces Fire Over Alleged Non-Performance In Science, Technology Sector Amid Defection Plan

Kemi Badenoch reveals ‘hysterical’ level of personal attacks faced as a black woman

  • British government apologizes to Peter Obi, as hired impostors, master manipulators on rampage abroad

    1240 shares
    Share 496 Tweet 310
  • Maids trafficked and sold to wealthy Saudis on black market

    1066 shares
    Share 426 Tweet 267
  • Flight Attendant Sees Late Husband On Plane

    972 shares
    Share 389 Tweet 243
  • ‘Céline Dion Dead 2023’: Singer killed By Internet Death Hoax

    904 shares
    Share 361 Tweet 226
  • Crisis echoes, fears grow in Amechi Awkunanaw in Enugu State

    735 shares
    Share 294 Tweet 184
  • Trending
  • Comments
  • Latest

British government apologizes to Peter Obi, as hired impostors, master manipulators on rampage abroad

April 13, 2023

Maids trafficked and sold to wealthy Saudis on black market

December 27, 2022
Flight Attendant Sees Late Husband On Plane

Flight Attendant Sees Late Husband On Plane

September 22, 2023
‘Céline Dion Dead 2023’: Singer killed By Internet Death Hoax

‘Céline Dion Dead 2023’: Singer killed By Internet Death Hoax

March 21, 2023
Chief Mrs Ebelechukwu, wife of Willie Obiano, former governor of Anambra state

NIGERIA: No, wife of Biafran warlord, Bianca Ojukwu lied – Ebele Obiano:

0

SOUTH AFRICA: TO LEAVE OR NOT TO LEAVE?

0
kelechi iheanacho

TOP SCORER: IHEANACHA

0
Goodluck Ebele Jonathan

WHAT CAN’TBE TAKEN AWAY FROM JONATHAN

0

Prince Harry ‘to meet with King Charles’ when he returns to UK for anniversary of Queen Elizabeth II’s death

August 29, 2025

Relics From an Ancient Egyptian ‘Party Town’ Are Pulled Out of the Sea

August 29, 2025

Get your children the chickenpox jab to stop the anti-vaxxers, minister tells parents

August 29, 2025

Africa’s largest refugee-hosting country is facing backlash over US migrant deal

August 28, 2025

ABOUT US

Time Africa Magazine

TIME AFRICA MAGAZINE is an African Magazine with a culture of excellence; a magazine without peer. Nearly a third of its readers hold advanced degrees and include novelists, … READ MORE >>

SECTIONS

  • Aviation
  • Column
  • Crime
  • Europe
  • Featured
  • Gallery
  • Health
  • Interviews
  • Israel-Hamas
  • Lifestyle
  • Magazine
  • Middle-East
  • News
  • Politics
  • Press Release
  • Russia-Ukraine
  • Science
  • Special Report
  • Sports
  • TV/Radio
  • UAE
  • UK
  • US
  • World News

Useful Links

  • AllAfrica
  • Channel Africa
  • El Khabar
  • The Guardian
  • Cairo Live
  • Le Republicain
  • Magazine: 9771144975608
  • Subscribe to TIME AFRICA biweekly news magazine

    Enjoy handpicked stories from around African continent,
    delivered anywhere in the world

    Subscribe

    • About Time Africa Magazine
    • Privacy Policy
    • Contact Us
    • WHO’SWHO AWARDS

    © 2025 Time Africa Magazine - All Right Reserved. Time Africa is a trademark of Times Associates, registered in the U.S, & Nigeria. Use of this site constitutes acceptance of our Terms of Service.

    No Result
    View All Result
    • WHO’SWHO AWARDS
    • Politics
    • Column
    • Interviews
    • Gallery
    • Lifestyle
    • Special Report
    • Sports
    • TV/Radio
    • Aviation
    • Health
    • Science
    • World News

    © 2025 Time Africa Magazine - All Right Reserved. Time Africa is a trademark of Times Associates, registered in the U.S, & Nigeria. Use of this site constitutes acceptance of our Terms of Service.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.