14-05-2025
Cobalt Market Awaits Congo Plan That May Roil Battery Industry
A forthcoming decision by the Democratic Republic of Congo on cobalt exports could potentially send prices for the metal soaring and lead battery makers to seek alternatives, an industry group said.
Cobalt has jumped more than 50% since the African nation responsible for three quarters of global output halted exports on Feb. 22. An extension of the ban or strict quotas could push the price even higher, Benchmark Mineral Intelligence said Wednesday in a report prepared for the Cobalt Institute.
