The Democratic Republic of Congo suspended all cobalt exports for four months on Saturday, taking drastic action to stabilize plummeting prices in a market flooded by Chinese production. The

The Democratic Republic of Congo says it’s suspending cobalt exports for four months to rein in oversupply of the battery metal on the international market. Cobalt production in Congo – which produces about three-quarters of the world’s supply of the material used in electric-vehicle batteries – has soared in recent years,

The Democratic Republic of Congo is considering introducing cobalt export quotas as the world's biggest supplier of the battery metal seeks to curb oversupply and boost prices, three sources familiar with the details told Reuters.

The Democratic Republic of Congo (DRC), the world's leading cobalt producer, has temporarily suspended cobalt exports for at least four months in response to an oversupply in the market, reported Bloomberg.