Search
Recently, the Democratic Republic of the Congo made an important announcement—it will prolong its cobalt export ban until October 15 and introduce an export quota system starting from October 16. This move has significantly exacerbated the imbalance between supply and demand in the global cobalt market. As a result, cobalt prices have skyrocketed by nearly 40% this year. By September 25, cobalt-related stocks, like China Molybdenum Co., Ltd., had shown consistent strength throughout the week. According to institutional analysis, the combination of a shrinking supply and a rising demand is set to propel cobalt prices even higher. This trend is expected to enhance the profitability and valuations of companies operating within the relevant industrial chain.
-
C114 Communication Network -
Communication Home
