The ban was initially designed to stabilise the market and stem falling prices due to global oversupply, according to the ...

The Democratic Republic of Congo is preparing for its first cobalt shipment by Chinese company CMOC under a new quota system.

Cobalt prices reached record lows due to an oversupply, primarily stemming from a stockpile created during a lengthy ownership dispute in the DRC. The demand for cobalt has decreased with falling EV ...

Congo suspended all cobalt exports in February, but then introduced a quota system in October, aiming to boost state revenues ...

The U.S. Defense Logistics Agency still intends to purchase cobalt for the National Defense Stockpile but is reassessing its strategy and has no target date for reissuing the tender, a DLA ...

For a background on the cobalt sector you can read our recent article:Cobalt price 5 year price chart - Price = USD 48,570/t or USD 22.03/lb (source)As shown in the chart above cobalt prices have ...

Cobalt market watchers are warning that a near-term resurgence in prices and demand may not occur. Cobalt prices have spent most of 2024 on the decline, falling to lows not seen since 2016. Values for ...

Cobalt spot prices were flat for the month. LME inventory was flat for the month. China plans to boost state cobalt reserves after prices drop. Cobalt market news - BMI and Morgan Stanley forecast ...

The first months of 2024 saw cobalt take a bearish stance, constrained by excess supply and eroding demand. Cobalt prices faced many headwinds at the beginning of the year, and they pulled the value ...

Cobalt is used in a wide variety of industrial applications, with lithium-ion batteries for electric vehicles (EVs) and energy storage systems as the largest demand segment. As an important battery ...

Chinese state-owned miner MMG has mothballed production at its cobalt processing plant in the Democratic Republic of Congo just 15 months after starting the operation. What Happened: According to ...

KINSHASA/LONDON, Dec 9 (Reuters) - Glencore has become the first miner to export cobalt under Democratic Republic of Congo's ...