Wedoany.com Report on Feb 5th, Frik Els, a battery metals analyst at Adamas Intelligence, pointed out that the cobalt export restrictions implemented by the Democratic Republic of Congo (DRC) last year have boosted cobalt prices. This policy change has passed higher costs onto the electric vehicle supply chain, impacting the global battery deployment market to some extent.

Frik Els stated, "The DRC's unexpected move to restrict cobalt exports last year helped prop up prices and push higher costs back up the EV supply chain." As a major global supplier of cobalt, the DRC's export policy adjustments directly affect the market supply dynamics of cobalt.

Cobalt is one of the key raw materials for electric vehicle battery manufacturing, and its price fluctuations have a significant impact on the entire new energy vehicle industry. Export restrictions have led to tight cobalt supply, subsequently driving up cobalt prices, which puts electric vehicle manufacturers under greater pressure from higher production costs.

The global battery deployment market is developing rapidly, with sustained growth in demand for cobalt. In this context, the DRC's export restriction policy is particularly critical. It not only affects the spot price of cobalt but may also impact long-term supply chain stability. The electric vehicle industry needs to monitor changes in cobalt supply and seek diversified sources of raw materials.

The rise in cobalt prices reflects the raw materials market's sensitive reaction to policy changes. As the electric vehicle industry expands, the supply security of key metals like cobalt will become a focal point for the industry. The DRC's export restriction measures serve as a reminder to the entire industry chain to strengthen supply chain risk management.