Congo May Tighten Cobalt Export Curbs After Four-Month Ban

Cobalt 

Strategic stockpiles and depressed prices prompt possible stricter controls post-June

The Democratic Republic of Congo (DRC) may introduce stricter cobalt export limitations following the end of its four-month export ban, according to Patrick Luabeya, president of the Authority for the Regulation and Control of Strategic Mineral Substances’ Markets.

The world’s largest cobalt producer, the DRC imposed the ban in February 2025 to counter oversupply and revive plunging cobalt prices, which have struggled amid high stockpiles. Despite some drawdown, Luabeya stated that inventory levels remain elevated, keeping downward pressure on prices for the battery-critical metal.

“The next decision will inevitably imply a strict limitation of exports in whole or in part until market balance is reached,” Luabeya said at a metals conference in Singapore.

Stakeholder Consultations and Policy Shift Expected in June

The government plans to consult industry players in June, with an eye toward balancing domestic economic interests and global demand stabilization. Mines Minister Kizito Pakabomba confirmed the policy is under review, and said the country is in discussions with miners including Glencore, Eurasian Resources Group (ERG), and China Molybdenum (CMOC).

The DRC is also exploring export quotas and a strategic partnership with Indonesia—another major cobalt and nickel producer—to coordinate global supply management and pricing strategies.