The Congolese Ministry of Mines, the Ministry of Foreign Trade and Trade and the Ministry of Economy have recently jointly issued a decree prohibiting the export of cobalt concentrate and copper concentrate after initial processing. Like many resource-rich countries, the Congolese Government hopes to increase the added value of mineral resources through this new policy. The Congo is the world's largest producer of cobalt and the second-largest supplier of copper. Under the impact of this news, copper prices on the London Metal Exchange surged to 14,369.5 US dollars/ton on August 6, a new high since the end of January this year. However, many Chinese companies operating in the Congo have indicated to the outside world that the new policy will have little impact on them. Zhu Ming, director of the Regional Cooperation Office of the Shanghai Institute of International Studies, explained to reporters that many Chinese enterprises have been deeply involved in the local area for many years, have built processing production lines, and are exporting deep-processed ore products rather than raw ore, so they are not within the scope of the New Deal.

The Congolese Ministry of Mines, the Ministry of Foreign Trade and Trade and the Ministry of Economy have recently jointly issued a decree prohibiting the export of cobalt concentrate and copper concentrate that has been initially processed. Like many resource-rich countries, the Congolese Government hopes to increase the added value of mineral resources through this new policy. The Congo is the world's largest producer of cobalt and the second-largest supplier of copper. Under the impact of this news, copper prices on the London Metal Exchange surged to 14,369.5 US dollars/ton on August 6, a new high since the end of January this year. However, many Chinese companies operating in the Congo have indicated to the outside world that the new policy will have little impact on them. Zhu Ming, director of the Regional Cooperation Office of the Shanghai Institute of International Studies, explained to reporters that many Chinese enterprises have been deeply involved in the region for many years, have built processing production lines, and are exporting deep-processed ore products rather than raw ore, so they are not within the scope of the New Deal.