Cobalt – Martin Kabwelulu, the DRC's minister of mines, is confident that the country's ban on the export of cobalt and copper concentrates will go into "full effect" in the summer, but previous attempts at instating similar bans have failed.
Articles Tagged "DRC"
Cobalt – Reuters reported that the Democratic Republic of the Congo's ban on exports of unprocessed copper and cobalt concentrate will be "fully enforced" by July or August. At that time, the 90-day period during which companies were expected to clear their inventories will be over.
Tantalum – The Washington Post reported that armed groups and high-ranking officials in Congolese and Burundian armies are continuing to benefit from illegal mineral trade in Eastern Congo.
Cobalt – Mining Weekly reported that the price of high-grade cobalt has been on the rise since the beginning of the year and is now sitting at $13.50 per pound. The price is being pushed up by low cobalt supplies and uncertainty about the availability of concentrate from the Democratic Republic of the Congo.
Copper – Copper Investing News recently spoke with Brad Marwood, managing director of Tiger Resources. Brad discussed Tiger's producing copper-cobalt project in the Democratic Republic of the Congo and helped clear up some of the negative perception that investors might have when it comes to operations in that region.
Cobalt – Bloomberg reported that cobalt producers are urging the DRC government to lift a ban on cobalt exports. According the cobalt producers, there is not the proper infrastructure in place, including electricity to support this initiative
Copper – Bloomberg reported that mining companies based in the DRC are urging the government to lift a recently imposed ban on copper concentrate exports, saying that the country cannot supply enough energy to bring to product up to their requirements.
Cobalt – A brief overview of cobalt price developments, supply and demand and significant market movers.
Copper – Reuters reported that the governor of copper-rich Katanga province in the DRC has rejected the government-imposed ban on copper exports.
Cobalt – The DRC has imposed a ban on exports of copper and cobalt concentrates to encourage more value-added production.