Executives of CMOC Group stated at the shareholders' meeting held on the afternoon of April 28 that, based on the company's cobalt export quota in the Democratic Republic of the Congo (DRC), the company remains the world's largest cobalt supplier. To date, local cobalt export arrangements have been finalized, and it is expected that the company's cobalt export quota in the DRC will proceed normally in accordance with standard procedures this year.
In response to investors' concerns about whether adjustments have been made to the company's local cobalt mining production side under the quota system, the company's management believes that, given the company's high cobalt ore grade and relatively low byproduct costs, the optimal strategy at present is to maintain normal production.
Public information shows that CMOC Group has secured a cobalt export quota of 31,200 metric tonnes in the DRC for 2026, accounting for approximately one-third of the local basic quota of 96,600 metric tonnes for the year. The company's cobalt production in 2025 was 117,500 metric tonnes.
Edited by Cassie Li, lixiangying@mysteel.com
