Investing.com -- The Democratic Republic of Congo, the world's leading supplier of battery metal, is contemplating the introduction of cobalt export quotas. The aim is to tackle the problem of oversupply and stimulate an increase in prices, according to a Reuters report on Tuesday.

Cobalt prices are currently at historically low levels. This is due to a decrease in demand from car manufacturers and an increase in copper production, which yields cobalt as a by-product. The latter is a response to high copper prices.

The Congolese government is yet to make a final decision on the introduction of export limits. The matter has been the subject of internal discussions.

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