A sample of rock drilled at a cobalt mining site May 16, 2024. REUTERS/Carlos Barria/File Photo
THE Democratic Republic of Congo (DRC) has extended its ban on exports of cobalt by three months as the world’s dominant producer of the battery metal tries to convert its supply power into pricing power.
After rallying sharply in February, when the market was caught out by news of the original ban, the price reaction this time has been more muted.
