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Congo Orders Cobalt Miners to Give Up Unused Export Quotas

Congo Orders Cobalt Miners to Give Up Unused Export Quotas
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Congo Orders Cobalt Miners to Give Up Unused Export Quotas Cobalt miners in the Democratic Republic of Congo will be required to surrender unused export quotas for the first half of the year to a government regulator. Congo — the world’s dominant supplier of the battery metal — has imposed strict limits on shipments since early last year, replacing an all-out ban with quotas in October. The new system took several more months to implement, prompting the authorities to extend quarterly...

Congo Orders Cobalt Miners to Give Up Unused Export Quotas Cobalt miners in the Democratic Republic of Congo will be required to surrender unused export quotas for the first half of the year to a government regulator. Congo — the world’s dominant supplier of the battery metal — has imposed strict limits on shipments since early last year, replacing an all-out ban with quotas in October. The new system took several more months to implement, prompting the authorities to extend quarterly deadlines on two occasions.
the Democratic Republic of Congo (LOCATION) Congo (LOCATION)
Originally published by Bloomberg Markets Read original →