08.10.202523:22:55UTC+00Congo to Impose Cobalt Export Quotas

The Democratic Republic of Congo is set to implement annual cobalt export quotas starting October 16, representing a significant policy change designed to enhance oversight of the supply from the world's leading producer, as reported by sources to Reuters. These quotas will be based on each company's production and shipment data from the past three years, effectively replacing a lengthy export suspension that had previously disrupted global supply chains and raised concerns among electric vehicle manufacturers, particularly in China. As the country accounts for over 70% of the world's cobalt production, Congo's regulatory adjustments have major repercussions for industries involving batteries, smartphones, and defense. Central Bank Governor André Wameso has projected that cobalt revenues will experience a substantial increase in late 2025 and continue rising into 2026 under this new framework. Developed by a multi-agency committee that includes the presidency, the mining ministry, and the chambers of mines, the quota policy seeks to align with national objectives and enhance transparency within the sector.