LONDON, June 30 (Reuters) - IXM, owned by China's CMOC, has declared force majeure , opens new tab on deliveries of cobalt produced in the Democratic Republic of Congo (DRC) which has suspended exports of the battery material, the commodity trader said on its LinkedIn page.

Congo introduced a four-month ban on all cobalt exports in February in an attempt to curb oversupply and support of prices near nine-year lows around $10 a lb. Last week Congo extended the suspension for another three months.

Sign up here.

https://www.reuters.com/world/africa/cmocs-ixm-declares-force-majeure-cobalt-deliveries-congo-linkedin-post-2025-06-30/