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Congo bans export of copper and cobalt concentrates, Reuters says
By Ange Adihe Kasongo and Maxwell Akalaare Adombila
Reuters
Thursday, August 6, 2026
KINSHASA, DR Congo -- The Democratic Republic of Congo has banned exports of copper concentrate and cobalt concentrate as it escalates efforts to force domestic processing and retain more value from its mineral resources, a government order reviewed by Reuters today shows.
After Reuters reported the ban, benchmark three-month copper on the London Metal Exchange rose by as much as 1.8% to $14,369.50 a metric ton, the highest since January 29 when the metal hit an all-time peak of $14,527.50. It was trading at $14,300 as of 0930 GMT.
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Congo is seeking to leverage its position as the world's largest cobalt supplier and a major source of other energy-transition minerals, including copper, to build domestic processing capacity and retain a greater share of the wealth flowing from its mines.
The June 29 order, signed by Mines Minister Louis Kabamba Watum, Foreign Trade Minister Julien Paluku Kahongya and Economy Minister Daniel Mukoko Samba, says "the export of copper and cobalt concentrates is prohibited."
The ban takes effect immediately, although one-year export waivers may be granted under strategic circumstances, the order said, without explaining further. ...
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