Africa

DRC's four-month ban on cobalt exports under review, says minister

The Democratic Republic of Congo's four-month ban on cobalt exports is under review, the country's mines minister Kizito Pakabomba said in Singapore on Wednesday.

Officials from the Democratic Republic of Congo are optimistic they can reach a deal with Washington next month to secure US investment in critical minerals. File photo.
Officials from the Democratic Republic of Congo are optimistic they can reach a deal with Washington next month to secure US investment in critical minerals. File photo. (REUTERS/Kenny Katombe)

The Democratic Republic of Congo's four-month ban on cobalt exports is under review, the country's mines minister Kizito Pakabomba said at a cobalt industry conference in Singapore on Wednesday, without giving further details.

In February, the country imposed a four-month ban on cobalt exports to rein in oversupply of the battery metal on the international market.

Reuters

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