The Democratic Republic of Congo has banned exports of copper concentrate and cobalt concentrate as it escalates efforts to force domestic processing and retain more value from its mineral resources, a government order reviewed by Reuters on Thursday shows.
After Reuters reported the ban, benchmark three-month copper on the London Metal Exchange rose by as much as 1.8 per cent to $14,369.50 a metric ton, the highest since January 29 when the metal hit an all-time peak of $14,527.50. It was trading at $14,300 as of 0930 GMT.
