Big news from the Democratic Republic of Congo (DRC)! The DRC, which produces a lot of cobalt (a metal used in batteries for phones and cars), is trying to control how much cobalt is sold worldwide. Cobalt prices are low right now, and the DRC wants to raise them.
- The DRC recently temporarily banned cobalt exports.
- They're thinking about setting limits on how much cobalt can be exported in the future.
- This is because there's too much cobalt, and the price is dropping.
- A big mining company, CMOC, doubled its cobalt production last year.
| Fact | Number |
|---|---|
| CMOC's cobalt output in 2022 | 114,000 metric tons |
| CMOC's copper output in 2022 | 650,000 metric tons |
