Its firms own over 80 percent of Congo's copper mines, according to the Lobito Corridor Investment Promotion Authority. And they enjoy a similarly commanding position in cobalt extraction.

Without investment from China — CMOC alone has plowed about $9 billion into its mines since 2016 — Congo wouldn’t have been able to triple its production of copper and boost cobalt output by ...

Its firms own over 80 percent of Congo's copper mines, according to the Lobito Corridor Investment Promotion Authority. And they enjoy a similarly commanding position in cobalt extraction.

The Democratic Republic of Congo has extended its ban on exports of cobalt by three months as the world's dominant producer of the battery metal tries to convert its supply power into pricing power.

The Democratic Republic of Congo (DRC), the world’s largest cobalt producer, has extended its export ban on cobalt by another ...

Congo is likely to continue with the ban because the government wants more time to work out how to distribute export quotas among mining companies that produce the battery vehicle metal, said the ...

She said more than two-thirds of the world’s cobalt is mined in the Democratic Republic of the Congo. “DRC really depends on the tax revenues that are associated with mining.

DR Congo, the world's top cobalt supplier, imposed a four-month suspension on exports in February after prices had hit a nine-year low at just $10 a pound. The ban was due to expire on Sunday.

FILE PHOTO: A copper and cobalt mine run by Sicomines is seen in Kolwezi, Democratic Republic of Congo, May 30, 2015. Picture taken May 30, 2015. REUTERS/Aaron Ross/File Photo ...

CMOC forecast production of cobalt, a by-product of copper, between 100 000 and 120 000 tons this year. The company is the world's biggest cobalt miner and last year more than doubled output of ...

The DRC government wants more time to decide on distributing export quotas for cobalt mining companies. Copper $ 5.1935 / lb 0.81% Brent Crude Oil $ 68.57 / bbl -0.65% ...