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volumes in exported DRC cobalt less than 1% of global supply, Benchmark analysis suggests","uranium-volumes-in-exported-drc-cobalt-less-than-1-of-global-supply-benchmark-analysis-suggests","article/uranium-volumes-in-exported-drc-cobalt-less-than-1-of-global-supply-benchmark-analysis-suggests",{"_uid":557,"date":558,"tags":559,"editor":569,"content":579,"excerpt":783,"featured":51,"reporter":784,"component":795,"seo_title":796,"categories":797,"visibility":806,"data_vis_image":807,"featured_image":810,"seo_description":814,"side_panel_banner":731,"formattedDate":815,"formattedArticleDate":816},"8837a107-3eb1-4587-9d20-4c96701f6374","2026-09-17 00:00",[560,563,566],{"slug":561,"name":562},"uranium","Uranium",{"slug":564,"name":565},"drc","DRC",{"slug":567,"name":568},"export-restrictions","Export restrictions",[570],{"slug":571,"name":572,"content":573},"benjamin-roche","Benjamin Roche",{"job_title":574,"image":575,"bio":577,"linkedin":578},"Editor – Energy Transition Supply Chains",{"filename":576},"https://a.storyblok.com/f/287943243085208/800x800/66d6674fb8/benjamin-roche.png","Benjamin is Benchmark's Editor for Energy Transition Supply Chains, covering both upstream products like critical minerals and downstream products including energy storage systems and electric vehicles. He has previous experience covering trade flows, tariffs and the effects of geopolitics on supply chains.","https://www.linkedin.com/in/benjaminrochecontent/",{"type":580,"attrs":581,"content":582},"doc",{"backgroundColor":49},[583,626,648,656,668,676,713,721,732,741,749,757,765,774],{"type":584,"attrs":585,"content":586},"paragraph",{"textAlign":49},[587,595,607,612,621],{"text":588,"type":589,"marks":590},"Uranium contained in ","text",[591],{"type":592,"attrs":593},"textStyle",{"color":594},"#000000",{"text":596,"type":589,"marks":597},"DRC cobalt",[598,605],{"type":599,"attrs":600},"link",{"href":601,"uuid":602,"anchor":49,"target":603,"linktype":604},"/article/cobalt-copper-and-controls-drc-regional-spotlight","23058151-3c90-4933-a151-d618baff03e1","_blank","story",{"type":592,"attrs":606},{"color":594},{"text":608,"type":589,"marks":609},", in which it naturally occurs as a trace element in the Copperbelt region, travels unrecorded through processing and export, as the country has no formal testing infrastructure in place. Other regions, such as Australia, deliberately recover uranium as a byproduct of ",[610],{"type":592,"attrs":611},{"color":594},{"text":613,"type":589,"marks":614},"copper mining",[615,619],{"type":599,"attrs":616},{"href":617,"uuid":618,"anchor":49,"target":603,"linktype":604},"/article/copper-stocks-rise-alleviating-backwardation-and-tightness-fears","9c1638f6-fb00-4734-b318-cfbf057b78c4",{"type":592,"attrs":620},{"color":594},{"text":622,"type":589,"marks":623},". ",[624],{"type":592,"attrs":625},{"color":594},{"type":584,"attrs":627,"content":628},{"textAlign":49},[629,634,643],{"text":630,"type":589,"marks":631},"The uranium contained in the ",[632],{"type":592,"attrs":633},{"color":594},{"text":635,"type":589,"marks":636},"DRC’s cobalt supplies",[637,641],{"type":599,"attrs":638},{"href":639,"uuid":640,"anchor":49,"target":603,"linktype":604},"/article/cobalt-prices-surge-after-chinas-golden-week-as-drc-export-quotas-fuel-supply-concerns","0484de60-3473-4f89-bb75-8a675cdbab0c",{"type":592,"attrs":642},{"color":594},{"text":644,"type":589,"marks":645}," is estimated to be equivalent to only 1–2% of Africa's total uranium mined supply, a negligible portion of global supply, according to Benchmark's Uranium and Cobalt Services. This puts into context a recent report highlighting the volumes contained in cobalt exports from the country.",[646],{"type":592,"attrs":647},{"color":594},{"type":584,"attrs":649,"content":650},{"textAlign":49},[651],{"text":652,"type":589,"marks":653},"“While the uranium content in cobalt exports remains fairly small, uranium is highly regulated for good reason,” said Benchmark cobalt analyst Roman Aubry. “As the DRC has implemented assaying procedures for the cobalt supply chain as part of its quota system, it is likely it will extend this towards ensuring any material exported is compliant with international standards.”",[654],{"type":592,"attrs":655},{"color":594},{"type":657,"attrs":658,"content":660},"heading",{"level":659,"textAlign":49},2,[661],{"text":662,"type":589,"marks":663},"Uranium a trace element in Copperbelt cobalt",[664,666],{"type":592,"attrs":665},{"color":594},{"type":667},"bold",{"type":584,"attrs":669,"content":670},{"textAlign":49},[671],{"text":672,"type":589,"marks":673},"In July, Lighthouse Reports published a feature examining a leaked International Atomic Energy Agency (IAEA) memo dated to 2009 which stated that significant quantities of uranium were contained in cobalt ore mined in the DRC. Cobalt mining from the DRC has grown substantially since that time, from less than 60kt in 2009 to 228kt in 2024.",[674],{"type":592,"attrs":675},{"color":594},{"type":584,"attrs":677,"content":678},{"textAlign":49},[679,686,696,707],{"text":680,"type":589,"marks":681},"Benchmark is hosting a webinar on the future of uranium on 29 October, providing an exclusive look at the supply-demand balance to 2030.",[682,684],{"type":592,"attrs":683},{"color":594},{"type":685},"italic",{"text":687,"type":589,"marks":688}," ",[689,693,695],{"type":599,"attrs":690},{"href":691,"uuid":49,"anchor":49,"target":49,"linktype":692},"https://www.benchmarkminerals.com/events/fission-impossible-navigating-the-uranium-supply-squeeze","url",{"type":592,"attrs":694},{"color":594},{"type":685},{"text":697,"type":589,"marks":698},"You can register for that here",[699,701,704,705],{"type":599,"attrs":700},{"href":691,"uuid":49,"anchor":49,"target":49,"linktype":692},{"type":592,"attrs":702},{"color":703},"#1F62E7",{"type":685},{"type":706},"underline",{"text":708,"type":589,"marks":709},".",[710,712],{"type":592,"attrs":711},{"color":594},{"type":685},{"type":584,"attrs":714,"content":715},{"textAlign":49},[716],{"text":717,"type":589,"marks":718},"In a research paper published in Nature in the same month, Ryan Manzuk and Sébastien Philippe estimated that anywhere from 2,000 to 5,000 tonnes of uranium may have been exported from the DRC between 2000 and 2024. Over a 24 year period, this would be approximately 83–208tpa. As assessed by Benchmark’s Uranium Service, this is equivalent to just 1–2% of African mined uranium supply in 2025, which was expected to be 7,900 tonnes. Africa as a whole accounts for less than 15% of global mined uranium supply.",[719],{"type":592,"attrs":720},{"color":594},{"type":722,"attrs":723},"blok",{"id":724,"body":725},"6870748c-ed8c-450f-aec3-ff6bfb598b79",[726],{"id":727,"_uid":728,"type":729,"component":730,"fixed_height":731,"use_fixed_height":50,"fixed_height_mobile":731,"fixed_height_tablet":731},"30284307","i-400a9adb-35de-476a-a177-ba0104d090a5","visualisation","ContentFlourish","",{"type":657,"attrs":733,"content":734},{"level":659,"textAlign":49},[735],{"text":736,"type":589,"marks":737},"Large DRC cobalt volumes, though not necessarily large uranium volumes, to China",[738,740],{"type":592,"attrs":739},{"color":594},{"type":667},{"type":584,"attrs":742,"content":743},{"textAlign":49},[744],{"text":745,"type":589,"marks":746},"Over the past two years, ~72% of Africa's recorded uranium exports have been destined for China. During this period, no uranium exports from the DRC were officially recorded. Given the majority of DRC cobalt is also China-bound, Lighthouse has speculated that this unrecorded uranium may help explain a gap between China's declared uranium imports and the pace of its nuclear warhead production. Benchmark has not independently verified this claim, and considers this a hypothesis raised by the original investigation rather than an established fact.",[747],{"type":592,"attrs":748},{"color":594},{"type":584,"attrs":750,"content":751},{"textAlign":49},[752],{"text":753,"type":589,"marks":754},"There has been limited public response from DRC miners, though the country’s government has announced it intends to test for uranium in cobalt hydroxide exports. This could mean miners having to provide evidence of procedures to remove uranium as a contaminant from cobalt hydroxide, or more likely, further testing during the assaying process as part of the DRC’s extensive cobalt export quota policy.",[755],{"type":592,"attrs":756},{"color":594},{"type":584,"attrs":758,"content":759},{"textAlign":49},[760],{"text":761,"type":589,"marks":762},"An implementation of radiation testing on material leaving the country should enable the DRC to limit uranium leaving the country to a level acceptable to the international community and the IAEA. ",[763],{"type":592,"attrs":764},{"color":594},{"type":584,"attrs":766,"content":767},{"textAlign":49},[768],{"text":769,"type":589,"marks":770},"This analysis draws from Benchmark’s new coverage of uranium, part of a ten market expansion into a range of ferro alloys, minor metals and defence materials. ",[771,773],{"type":592,"attrs":772},{"color":594},{"type":685},{"type":584,"attrs":775,"content":776},{"textAlign":49},[777],{"text":778,"type":589,"marks":779},"Complete the form below to learn more about our uranium supply chain data.",[780,782],{"type":592,"attrs":781},{"color":594},{"type":685},"Uranium contained in DRC cobalt, in which it naturally occurs as a trace element in the copperbelt region, travels unrecorded through processing and export, as the country has no formal testing infrastructure in place. Other regions, such as Australia, deliberately recover uranium as a byproduct of copper mining. \n\nThe uranium contained in the DRC’s cobalt supplies is estimated to be equivalent to only 1–2% of Africa's total uranium mined supply, a negligible portion of global supply, according to Benchmark's Uranium and Cobalt Services. This puts into context a recent report highlighting the volumes contained in cobalt exports from the country.",[785],{"slug":786,"name":787,"content":788},"roman-aubry","Roman Aubry",{"job_title":789,"image":790,"bio":792,"linkedin":793,"markets_covered":794},"Analyst - Cobalt & Nickel",{"filename":791},"https://a.storyblok.com/f/287943243085208/512x512/2e40a46bef/roman-aubry.jpeg","Roman is an analyst at Benchmark, working on supply, demand, market analysis, and costs for nickel and cobalt. He previously covered nickel and cobalt as a price analyst for Benchmark's PRA division. He holds a BSc in Astrophysics from University College London. ","https://www.linkedin.com/in/roman-aubry-27bb80214/","Nickel and Cobalt ","article","Uranium volumes in exported DRC cobalt >1% of global supply",[798,801,804],{"slug":799,"name":800},"critical-minerals","Critical Minerals",{"slug":802,"name":803},"raw-materials","Raw Materials",{"slug":805,"name":115},"cobalt","private",{"id":49,"alt":49,"name":731,"focus":49,"title":49,"source":49,"filename":731,"copyright":49,"fieldtype":808,"meta_data":809},"asset",{},{"id":811,"alt":731,"name":731,"focus":731,"title":731,"source":731,"filename":812,"copyright":731,"fieldtype":808,"meta_data":813,"is_external_url":50},221065312360177,"https://a.storyblok.com/f/287943243085208/5472x3648/07777bdee9/uranium-rock.jpeg",{},"Uranium contained in DRC cobalt, in which it naturally occurs as a trace element in the copperbelt region, travels unrecorded through processing and export, as the country has no formal testing infrastructure in place. ","Sep 17, 2026","17th September 2026",[],[],1789748817596]