DRC: DRC Revises Mining Code to Capitalise on Cobalt Boom

Jan 18, 2018 | eNCA
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As demand for batteries drives a surge in the price of cobalt, the Democratic Republic of Congo is gearing up to overhaul its mining regulations to harvest more profit from the coveted metal. The global boom for smartphones and electric cars has pushed up the price of cobalt, a key ingredient in top-range batteries, to $75,000 (more than R919,000) a ton -- an increase of 127 percent in one year.