Luoyang Molybdenum Industry responds to the progress of cobalt export quota in the Congo: Export arrangements are being implemented according to procedures.

On December 24, in response to the cobalt export quota system implemented in the Democratic Republic of Congo, Luoyang Molybdenum Co., Ltd. stated in an interview that the company is implementing various export arrangements in accordance with the procedures of the Congolese government. According to the detailed cobalt export quota released by the Congo, Luoyang Molybdenum Co., Ltd. has obtained a cobalt export quota of 6,650 tons for the fourth quarter of 2025. Reuters recently reported that the company has started the export process, and the first batch of goods is expected to be shipped soon.