The finished product prices are dropping (metal, sulfate, concentrate) because China controls something like 80% of that value-added market.
DRC holds over 50% of reserves and over 70% of mined cobalt raw materials.
quite the tricky situation. Maybe new DRC face is an opportunity for Kabila to re-assert control of the market supply-demand dynamic. Good on them if they can pull it off, and hopefully redistribute some of this wealth to the nation. Interesting to see if anything "funny" happens at one or two of the other new DRC mines or reinstated projects.
CLA - Cobalt related news, page-2191
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