"Luoyang Molybdenum Industry's Congo cobalt products have been successfully exported."

Reporters have learned that Luoyang Molybdenum Industry's cobalt products in Congo have been successfully exported. Congo is the world's largest cobalt producing country, accounting for over 70% of global production. In February 2025, the Strategic Mineral Market Regulatory Control Bureau of Congo announced a four-month suspension of cobalt product exports in response to the global oversupply of the cobalt market. In June, they announced a three-month extension of the export ban. In September, Congo announced the end of the cobalt export ban and began implementing a quota export system on October 15th. According to the details of cobalt export quotas disclosed by Congo, Luoyang Molybdenum Industry obtained a quota for exporting 6,650 tons of cobalt in the fourth quarter of 2025. Last month, Luoyang Molybdenum Industry stated in an interview that the company is implementing various export arrangements in accordance with the procedures of the Congolese government.