The Democratic Republic of Congo has officially banned the export of copper and cobalt concentrates to encourage more processing within its own borders.
This significant move is intended to help the nation keep a larger share of the profits from its vast mineral wealth instead of shipping raw materials elsewhere.
As the world’s leading producer of cobalt and the second-largest supplier of copper, the Congo’s decision has major implications for the global mining industry.
Congolese government wants local mineral processing for copper and cobalt
The new government order, signed by several high-ranking ministers, bans the export of concentrates effective immediately.
