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DRC concentrate export ban could put more pressure on global copper, cobalt supply – Stockhead
Recent concerns around global copper supply – which could be further hampered by today’s ban, if enforced –has pushed the price up to $US10,032.65/t, close to…
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The Democratic Republic of Congo (DRC) — the worlds leading producer of cobalt and Africas biggest copper producer — has made good on a longstanding threat to ban cobalt and copper concentrate exports.
In 2013, the DRC banned concentrate exports to encourage miners to process and refine ore in the country, but insufficient smelting capacity forced it to repeatedly issue waivers.
However, threat of its future enforcement has been maintained.
In 2019, the government implemented…
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