DR Congo President Félix Tshisekedi has defended the country’s new cobalt export quotas, highlighting their potential to strengthen the economy and regulate a critical global commodity. Cobalt is an essential metal for the production of electric vehicle batteries and mobile devices, and DR Congo is responsible for about 70% of the global supply of the commodity. The new system establishes specific export limits for the coming years and mandates that a portion of the supply be allocated to a national reserve and small-scale miners. This approach is designed to formalize the sector, curb illegal mining that fuels conflict, and ensure the country fully benefits from its critical mineral wealth.
SEMAFOR
