{"id":58241,"date":"2026-04-30T13:49:09","date_gmt":"2026-04-30T13:49:09","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/58241\/"},"modified":"2026-04-30T13:49:09","modified_gmt":"2026-04-30T13:49:09","slug":"glencore-expects-drc-cobalt-exports-to-normalise-in-line-with-2026-quotas","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/58241\/","title":{"rendered":"Glencore expects DRC cobalt exports to normalise in line with 2026 quotas"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"820\" height=\"522\" src=\"https:\/\/www.europesays.com\/ch\/wp-content\/uploads\/2026\/04\/3I3A3HUVI5OH3DF42TBW3C7C6E-820x522.jpg\" alt=\"\" class=\"wp-image-635772\" style=\"width:840px;height:auto\"  \/>FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company\u2019s headquarters in Baar, Switzerland, November 20, 2012.   REUTERS\/Arnd Wiegmann\/File Photo<\/p>\n<p>LONDON, April 30 (Reuters)\u00a0\u2013\u00a0London-listed miner Glencore\u00a0said on Thursday it expects cobalt exports from the Democratic Republic of Congo to normalise over the course of the year, in line with remaining 2026 quotas.<\/p>\n<p>Congo\u2019s government suspended exports in February last year to support cobalt prices which had dropped to nine-year lows. The suspension remained in place until Congo introduced export quotas last October.<\/p>\n<p>Cobalt metal prices\u00a0OCBc1\u00a0have increased 160% since February 2025 to $26 a lb or $57,320 a metric ton due to shortages created by Congo\u2019s move to restrict exports.<\/p>\n<p>Glencore\u2019s quota for 2026 and the allocation carried over from 2025 is 22,800 tons.<\/p>\n<p>Glencore overall produced 5,800 tons of cobalt in the first quarter of 2026, down 39% from the same period last year.<\/p>\n<p>The quota system for DRC cobalt exports will apply until at least the end of 2027, the miner and commodity trader said in its first-quarter production report.<\/p>\n<p>Cobalt produced at its Kamoto Copper Company (KCC) and Mutanda operations above allocated quotas is being stored in-country and will be sold as circumstances allow.<\/p>\n<p>Glencore said it is postponing final cobalt processing to avoid costs while export limits restrict sales.<\/p>\n<p>KCC and Mutanda have sufficient cobalt inventories on hand to utilise their near-term export quotas.<\/p>\n<p>Glencore added the DRC government extended the validity of producers\u2019 2025 cobalt export quotas to April 2026 to allow for the time required to implement the new export processes.<\/p>\n<p>During the first quarter, the company exported most of its 2025 quota, with the balance shipped in April. Unused first-quarter 2026 quotas remain valid until the end of June.<\/p>\n<p>Choose <a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbcafrica.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" class=\"underline font-semibold hover:no-underline\" aria-label=\"Choose CNBC Africa as your preferred source on Google\">CNBC Africa<\/a> as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/p>\n","protected":false},"excerpt":{"rendered":"FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company\u2019s headquarters in Baar,&hellip;\n","protected":false},"author":2,"featured_media":58242,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123],"tags":[132,133],"class_list":{"0":"post-58241","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-glencore","8":"tag-glencore","9":"tag-mining"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116493979792450902","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/58241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=58241"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/58241\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/58242"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=58241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=58241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=58241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}