Pressdia Ad

Congo Tightens Cobalt Export Rules to Strengthen Grip on Strategic Mineral

The Democratic Republic of Congo has introduced new cobalt export conditions aimed at tightening state control over one of the world’s most critical supply chains, according to a circular issued by the ministries of mines and finance. The measures follow months of market volatility and are intended to improve revenue capture in a sector that accounts for roughly 70 percent of global cobalt output, according to Reuters.

The new framework requires exporters to make a 10 percent royalty pre-payment within 48 hours of submitting a sales declaration. Exporters must also secure a newly introduced Quota Verification Certificate issued by the national regulator, the Authority for the Regulation and Control of Strategic Mineral Substances’ Markets. The circular further mandates joint sampling, weighing and sealing of shipments under multi-agency oversight, reflecting a significant tightening of procedural controls, as reported by Reuters.

These measures replace the temporary export ban imposed earlier this year, which authorities said was meant to stabilise prices and curb illicit flows. The government has now set quotas of 18,125 metric tons for the remainder of 2025 and 96,600 tons annually from 2026, with large producers receiving priority allocation, according to Reuters.

Market analysts say the rollout has temporarily halted shipments as companies work to comply with the new rules. This pause has amplified supply constraints and contributed to rising global cobalt prices, as highlighted in a related market note published by TradingView.

The policy shift underscores Congo’s continued push to assert greater control over its mineral wealth while responding to strong global demand for cobalt used in electric vehicle batteries and clean energy technologies.

Pressdia Ad

Subscribe to Newsletter

Get the latest in luxury, business, and elite trends—subscribe now!

Pressdia Ad

Subscribe

Latest Posts

The V Luxury Resort Sahl Hasheesh An All Inclusive Red Sea Escape

Set along the sandy coastline of Sahl Hasheesh in Hurghada, Egypt,...

African Women Redefining Influence Across Media Fashion and Entertainment

Across Africa’s evolving creative landscape, a new generation of women is...

Ayra Starr Set to Perform at Coachella 2027

Nigerian Afrobeats sensation Ayra Starr is set to take her music...

British-Somali Boxer Ramla Ali Becomes World Champion for the First Time at 37

British-Somali boxer Ramla Ali has claimed the first world titles of...

CAF Moves 2026 Awards to December 2 as Nigeria Prepares to Host Africa’s Football Stars

The Confederation of African Football has brought forward the 2026 CAF...

Dua Lipa, SZA and Tame Impala to Lead Coachella 2027 Lineup

Dua Lipa, SZA and Australian psychedelic pop project Tame Impala will...

Praise Ugoh Becomes First Nigerian Woman to Win 400m Gold at the Youth Olympics

Nigerian sprinter Tejiri Praise Ugoh has made history at the Dakar...

Ayra Starr’s “Commas” Earns Gold Certification in France

Nigerian Afrobeats star Ayra Starr has secured another international milestone after...

The Alchemist Nairobi Where Food, Music and Creative Culture Converge

Established in 2015 and located along Parklands Road in Westlands, Nairobi,...

Related Posts

Azerbaijani Billionaire Heir Emin Agalarov Pledges $99 Million Investment in Eswatini

Azerbaijani businessman and property developer Emin Agalarov has pledged...

Daphne Mashile-Nkosi Opens Multimillion-Rand Community Centre in Soweto

South African mining entrepreneur and philanthropist Daphne Mashile-Nkosi has...

China and Gabon Elevate Relations, Deepen Mining and Security Cooperation

China and Gabon have elevated their bilateral relationship to...

LEAVE A REPLY

Please enter your comment!
Please enter your name here