Mining Companies Urge DRC Government to Lift Export Ban

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.

As quoted in the market report:

On April 5 government order gave companies 90 days to halt exports of concentrated copper and cobalt as the nation seeks to promote domestic processing. Miners have said the country lacks sufficient electricity to process all its own ore.

To view the whole Bloomberg report, click here.