---
title: "Understanding the Market | CMOC fell over 7% in the afternoon as reports indicate that the Democratic Republic of the Congo has introduced new cobalt export regulations, intensifying the industry's wait-and-see sentiment"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/269038992.md"
description: "CMOC fell more than 7% in the afternoon, and as of the time of publication, it was down 6.74%, trading at HKD 17.86, with a transaction volume of HKD 1.037 billion. On the news front, according to Mining Rights Network, market news on December 8 indicated that the latest cobalt export regulations introduced by the Democratic Republic of the Congo, the world's largest cobalt supplier, are causing widespread concern in the global mining and lithium battery supply chains. Since replacing the export ban with a quota system in October, the new temporary royalty requirements and complex processes have added uncertainty to an already tight cobalt supply chain, especially as cobalt prices have already doubled from their low at the beginning of the year. The core controversy of the new regulations focuses on the calculation details of the export royalty. An anonymous mining executive revealed to the media that the industry is generally confused about the calculation basis for the prepaid 10% royalty—companies are eager to clarify whether this fee will deduct the transaction amount of the last export before the February export ban was implemented, which directly relates to the cost of capital occupation for companies. It is understood that since implementing the cobalt export quota system on October 16, the Democratic Republic of the Congo has required companies to prepay 10% of the sales value as a royalty before shipment, and the latest regulations have not provided clear explanations on the calculation basis, exacerbating companies' wait-and-see sentiment"
datetime: "2025-12-09T05:53:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/269038992.md)
  - [en](https://longbridge.com/en/news/269038992.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/269038992.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/269038992.md) | [繁體中文](https://longbridge.com/zh-HK/news/269038992.md)


# Understanding the Market | CMOC fell over 7% in the afternoon as reports indicate that the Democratic Republic of the Congo has introduced new cobalt export regulations, intensifying the industry's wait-and-see sentiment

According to Zhitong Finance APP, CMOC (03993) fell over 7% in the afternoon, and as of the time of writing, it was down 6.74%, trading at HKD 17.86, with a transaction volume of HKD 1.037 billion.

On the news front, according to Mining Rights Network, market news on December 8 indicated that the latest cobalt export regulations introduced by the Democratic Republic of the Congo, the world's largest cobalt supplier, are causing widespread concern in the global mining and lithium battery supply chains. Since replacing the export ban with a quota system in October, the new temporary royalty requirements and complex processes have added uncertainty to an already tight cobalt supply chain, while cobalt prices have already doubled from their low at the beginning of the year.

The core controversy of the new regulations centers on the calculation details of the export royalty. An anonymous mining executive revealed to the media that the industry is generally confused about the calculation basis for the prepaid 10% royalty—companies are eager to clarify whether this fee will be deducted from the transaction amount of the last export before the February export ban was implemented, which directly relates to the cost of capital occupation for companies. It is understood that since implementing the cobalt export quota system on October 16, the Democratic Republic of the Congo has required companies to prepay 10% of the sales value as a royalty before shipment, and the latest regulations have not provided clear explanations on the calculation basis, exacerbating companies' wait-and-see sentiment

### Related Stocks

- [CMOC (603993.CN)](https://longbridge.com/en/quote/603993.CN.md)
- [CMOC (03993.HK)](https://longbridge.com/en/quote/03993.HK.md)

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