
Glencore halted some cobalt deliveries over Congo export ban
Glencore declared force majeure on some deliveries of cobalt from Democratic Republic of Congo days after the government suspended exports of the battery material, three sources familiar with the matter told Reuters.Congo, the world’s largest cobalt producing country, introduced a four-month ban on all cobalt exports in February in an attempt to curb a supply glut that helped send prices to nine-year lows and stifled its tax revenues.

Lower-grade Australian iron ore sparks global benchmark change
The longstanding global pricing benchmark for most traded iron ore cargoes will be adjusted in 2026 to reflect the falling quality of ore from top supplier Australia, pricing service Platts said.Platts, part of S&P Global Commodity Insights, proposed to revise down the specification for its benchmark index to 61% iron content from 62% due to the declining quality of Australian iron ore fines, the global price reporting agency (PRA) said on Tuesday.

China coal imports could drop by up to 100mt in 2025, industry group says
China’s coal imports could drop by up to 100 million metric tons in 2025, an official at a major industry group said, potentially putting further pressure on key price benchmarks already trading at multi-year lows.Imports by the world’s largest consumer, importer and producer of the fossil fuel rose to a record high of 542.7 million metric tons in 2024, as lower international coal prices spurred buyers to substitute imports for domestic supply.