Cobalt Prices Surge as DRC Extends Export Ban to September
Source: Investing News Network
2025-06-25 16:50:00 ET
Cobalt prices are surging after the Democratic Republic of Congo (DRC), the world’s largest producer, extended its export ban by three months in a bid to address global oversupply and stabilize plunging prices.
According to the Financial Times , cobalt prices on China’s Wuxi Stainless Steel Exchange rose nearly 10 percent after the DRC government announced the news over the weekend.
The ban — originally set to expire on Monday (June 23) — will now remain in effect until at least September.
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Cobalt Prices Surge as DRC Extends Export Ban to September
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