Tag: COBALT
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DRC’s Cobalt Export Suspension: Impact on Global Markets
The Democratic Republic of Congo (DRC) has implemented a four-month suspension of cobalt exports, effective February 22, 2025, leading to a surge in global cobalt prices. As the world’s largest supplier, producing around 74% of mined cobalt, this decision has caused cobalt hydroxide prices to rise by 84% to $10.50 per pound, the highest level…