Speculation Mounts over New DRC Cobalt Concentrates Ban

There has been no official communiqué from the central or regional government yet, sources said, although a number of market sources reported rumors of a new ban on April 9th.

Market insiders mostly remand conservative to the implementation term of the ban, and believed that the ban may repeat the case that 16 companies in Katanga province, predominantly cobalt producers, were prohibited on February 8, but the ban was lifted soon after it was imposed.

Recently, China's domestic importing channels narrowed, and most large ore suppliers faced supply shortage. Currently, cobalt ore (Co≥6%) was mainly traded between USD 14.5-15/lbs.

  Write Board            corrugated steel      Highway Guardrail          full hard                   PCM                   Precision steel