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 largest allocations, with quotas of 6,650 tons and 3,925 tons respectively for Q4. ARECOMS retains 10% of production for strategic reserves. Exporters must notify authorities, prepare samples, and undergo lab testing to certify cobalt quality and volumes before paying royalties. Compliance complexities have delayed full-sized shipments, now expected by April 2026.
Market Implications for EV Supply Chains
Cobalt prices have surged to around $24 per pound due to the previous export ban, up from nine-year lows of $10 per pound. Analysts highlight that timely resolution of procedural ambiguities is essential to stabilize global battery supply chains. Congo’s quota system aims to balance national revenue goals with market stability while ensuring long-term access to critical battery metals.
SuperMetalPrice Commentary:
Glencore’s pilot shipment sets a precedent for future cobalt exports from Congo. Investors and EV manufacturers should monitor quota compliance and potential delays closely. The controlled export system may support prices, but procedural hurdles could temporarily tighten supply. Strategic engagement with Congo authorities remains vital for global cobalt security.
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