Congo's Strategic Cobalt Quota Aims to Control Global Supply
The Democratic Republic of Congo (DRC) is implementing new rules to manage its cobalt exports, transferring unused quotas into a state-controlled strategic quota. This move allows the DRC to redirect cobalt volumes towards national projects, enhancing domestic processing and value addition. The DRC, the world's largest cobalt producer, is leveraging its resources to influence global prices and strengthen its negotiating position. This strategy contrasts with traditional stockpiling, focusing instead on supply control to support local industries and capture more value from its cobalt reserves.