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DRC Plans to “Fully Enforce” Cobalt Export Ban This Summer
May. 17, 2013 10:04AM PST
Battery Metals Investing
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.
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.
As quoted in the market news:
‘I’m confirming the ban on copper concentrate,’ Mines Minister Martin Kabwelulu told Reuters on Friday on the sidelines of a conference in Tokyo.
Miners will be given a three-month grace period to allow them to adjust their operations, he said.
‘It will be fully enforced by July or August in order to allow mining operators to re-adjust themselves. The government is fully aware that mining operators have electricity problems,’ the minister said.
