Congo May Extend Cobalt Export Suspension, President Says [Yahoo! Finance]
GLENCORE PLC UNSP/ADR (GLNCY)
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Source: Yahoo! Finance
maintain higher prices for the electric-vehicle battery material, President Felix Tshisekedi said. Most Read from Bloomberg They Built a Secret Apartment in a Mall. Now the Mall Is Dying. Chicago Transit Faces ‘Doomsday Scenario,' Regional Agency Says LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs New York Subway Ditches MetroCard After 32 Years for Tap-And-Go Libraries Warn They Could Be ‘Cut off at the Knees' by DOGE Cobalt prices have soared more than 50% from a two-decade-low since Congo implemented the export ban on Feb. 22 to rein in oversupply. The central African nation accounts for about three-quarters of world production. Read: Congo Suspends Cobalt Exports for Four Months Amid Glut After the four-month suspension is up, “a thorough assessment will be conducted to determine whether to extend it or adopt new strategies aimed at maintaining market balance and laying the foundations for sustainable local industrialization,” Tshisekedi told his
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