Congo Halts Cobalt Exports for Four Months Amid Glut [Yahoo! Finance]
GLENCORE PLC UNSP/ADR (GLNCY)
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Source: Yahoo! Finance
Most Read from Bloomberg Trump Targets $128 Billion California High-Speed Rail Project Trump Asserts Power Over NYC, Proclaims ‘Long Live the King' NYC's Congestion Pricing Pulls In $48.6 Million in First Month NYC to Shut Migrant Center in Former Hotel as Crisis Eases As Visitors Discover Ghent, the City Is Trying to Prevent a Tourism Takeover Cobalt production in Congo – which produces about three-quarters of the material used in electric-vehicle batteries – has soared in recent years, as China's CMOC Group Ltd. ramped up output at two large mines in the country causing supply to race ahead of demand and prices to tumble. “Exports must be aligned with world demand,” Patrick Luabeya, president of the Authority for the Regulation and Control of Str
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News
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