Follow CGSP on Social Media

Listen to the CGSP Podcast

Glencore Calls Force Majeure on Cobalt Exports as Durban Flooding Worsens Chinese Shipping Crisis

Chart illustrating the unprecedented pileup of ships waiting to enter Shanghai harbor. This logistics crisis is amplified by the situation in Durban.

Glencore, the world’s largest cobalt producer, announced that it can’t fulfill its delivery commitments for cobalt hydroxide out of the Democratic Republic of Congo, due to severe flooding in the South African port city of Durban. The majority of cobalt exports from the DRC depart the continent via Durban. Rail lines and logistics facilities at the port were damaged by unprecedented rainfall, which also killed about 450 people.

The Swiss mining company declared force majeure because of these port disruptions, rather than due to any production issues in the DRC. The port is a link in the global cobalt supply chain, which is crucial to making electric vehicle batteries. Most cobalt exports from the DRC (including that produced by Glencore) are exported to China, which houses the majority of the world’s refining capacity.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Global South Project?

Independent

The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.

[NEW PODCAST] Why It's Not China's Fault That Its Trade With Africa is So Distorted

X