Glencore Ships First Cobalt Cargo Under Congo Quota System

Post Views: 229 Glencore Cobalt Export Congo’s Quota System Resumes Cobalt Exports Glencore has become the first company to export cobalt under the Democratic Republic of Congo’s new quota system. The shipment cleared authorities after payment of a 10% royalty. This marks a critical step in restoring supply after months of export bans, which had sharply raised cobalt prices and strained availability for electric vehicle manufacturers. The new system limits annual exports to 96,600 tons starting in 2026.   Largest Allocations and Export Procedures China’s CMOC and Glencore received the lar...