CMOC's cobalt production sees robust growth under Congo's export controls

Published: Jul 14, 2025 07:00

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Despite the cobalt export ban extended by the Democratic Republic of the Congo (DRC) until September, China Molybdenum Co., Ltd. (CMOC) achieved a 13% YoY increase in cobalt production in the DRC, reaching 61,073 mt in H1 2025. Although the ban restricted exports, it did not affect the stable production of CMOC, with cobalt production slightly increasing in Q2. Benefiting from increased production and rising cobalt and copper prices, the company expects its net profit in H1 to surge by approximately 68% YoY, reaching between $1.1 billion and $1.25 billion. The growth in cobalt and copper sales, coupled with strong global demand for battery metals, has driven CMOC to solidify its leading position in the global critical minerals market. Investors have shown a positive outlook on its prospects, leading to a significant increase in its share price.

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