Analysts Doubt Congo’s Cobalt Export Restrictions Will Do Much to Boost Prices in the Long Term

The Democratic Republic of the Congo extended a four-month export ban on cobalt exports in a bid to further constrain supply and boost prices of the critical metal that’s used to manufacture electric vehicle batteries.

The government hopes that by keeping additional supplies out of the market, it will further boost prices for the blue metal that has pulled out of a prolonged downturn.

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by Eric Olander

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