The Democratic Republic of Congo is considering introducing cobalt export quotas as the world's biggest supplier of the battery metal seeks to curb oversupply and boost prices, three sources familiar with the details told Reuters.

The Democratic Republic of Congo says it’s suspending cobalt exports for four months to rein in oversupply of the battery metal on the international market.

World’s top producer of metal used in electric vehicle batteries moves to counteract ‘overabundance of supply’

The Democratic Republic of Congo, the world's top producer of cobalt, said on Monday it has temporarily halted the metal's exports amid a production glut.

The Democratic Republic of Congo (DRC), the world's leading cobalt producer, has temporarily suspended cobalt exports for at least four months in response to an oversupply in the market, reported Bloomberg.