The Democratic Republic of Congo—currently the world’s largest cobalt producer—has extended its temporary ban on cobalt exports by three months, now effective through September 2025

  • This follows the initial four-month suspension initiated in February, after cobalt prices plunged to a nine-year low of around $10 per pound.

Even before the ban’s extension, it significantly boosted cobalt prices — up 35%, following forced shipment halts by Glencore

  • Other regions, such as Indonesia, are positioning themselves to respond to any ongoing restrictions, which could shift market shares and supply chains
cobalt blue 26 February 2025 2
Source: Forex Live