Jan 12, 2018

Prices for cobalt from Congo could rise

The Democratic Republic of Congo thinks about more than doubling the tax on cobalt supply, reports “Bloomberg” referring to a draft law that the country’s parlamentarians are currently discussing about.

If the Republic’s senate approves the proposition, Congo could classify base metals such as cobalt as ‘strategic material’ due to growing demand resulting from enhanced EV production and tax it at a higher rate of 5 instead of currently 2 percent. Congo is the world’s biggest cobalt producer, covering two-thirds of global cobalt supply.


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Found on electrive.com
12.01.2018 10:40