Glencore expects Congo cobalt exports to normalize in 2026
Glencore expects cobalt exports from Congo to normalize this year under new quotas. Prices rose after the government restricted supply to support the market.
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GLENCORE PLC expects cobalt exports from the Democratic Republic of the Congo to normalize throughout 2026 under a 22,800-ton quota. The forecast follows a government-imposed export suspension in February 2025 that triggered a 160% price surge to $26 per lb. Stabilizing supply from the world's top producer could cap recent price volatility for battery manufacturers and global investors.
