Congo Bans Copper Cobalt Export | Europe News

Congo just slammed the door on exporting raw copper and cobalt concentrate—effective immediately—with a possible one-year waiver for strategic cases. The move is part of a bold push to keep mineral value in-country, forcing local processing and boosting government revenue through a new 55% valuation tax on key mining by-products. Miners must now declare these exports ahead of tax enforcement, with a three-month grace period. This shake-up hits giants like CMOC and Glencore hard, signaling Congo’s serious intent to reclaim economic control, build domestic industry, and reshape global supply chains—all signed off by top ministers across mines, trade, and economy. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/271cd172a2fbff7f