Snapshots

Congo: Kabila's Government Flexes Its Power Over the Cobalt Market

Jun 15, 2018 | 19:13 GMT

After implementing the Democratic Republic of the Congo's demanding new mining regulations on June 9, President Joseph Kabila's government has shown little interest in bending to mining companies' requests or suggestions. After all, Kabila's country has the upper hand, buoyed by continued Chinese investments, a lack of real competitors in the cobalt markets and a substantial share of other strategic metals like copper. The Congolese government will likely be able to force mining companies and manufacturers operating in the country to comply with its increasingly onerous demands -- at least until alternative markets and technologies come online, which will take at least three years to emerge and more to fully diversify....

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