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MMG pauses cobalt mining in Congo due to market downturns, as country imposes export ban.
Chinese mining company MMG has temporarily halted cobalt production at its Kinsevere mine in the Democratic Republic of Congo due to market downturns and an oversupply of the metal.
The DRC recently imposed a four-month export ban on cobalt to stabilize prices.
MMG plans to increase copper production by at least 40% this year and will resume cobalt operations based on market conditions.
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MMG detiene la minería de cobalto en el Congo debido a las caídas del mercado, ya que el país impone la prohibición de exportación.