The Democratic Republic of Congo will establish a strategic reserve of three minerals, including cobalt and coltan, in a move designed to give the central African country more leverage over the market for some of the world’s most important metals.
The plan is the latest in a series of moves by African countries to gain greater control over their raw materials, including minerals being used in some of the world’s most important and fast-growing industries such as electronics and electric vehicles.
The reserve, which will also include germanium and could be expanded to other minerals, builds on previous measures to bolster cobalt prices, including a temporary ban on exports last year followed by a quota system.
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