Congo Miners Switch to Copper, Boosting Export Values

Miners in the Democratic Republic of Congo are shifting focus from cobalt to copper due to plummeting cobalt prices and surging copper demand. The government has implemented strict quotas for cobalt exports, with companies like Glencore and CMOC adjusting their production accordingly. CMOCs bet on copper paid off, with first-quarter profits soaring by 50% as copper prices reached a peak. Congo aims to boost export values and promote local processing through these quotas, potentially transforming the battery metals industry. Support the show:Get a discount at https://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/337bbaa87f045e62