Mining Giants Face Blow From World’s No. 1 Cobalt Producer

Congo is set to ratify a controversial new mining code by Friday aimed at making more money from its natural resources but that has the potential to push up prices of products such as smartphones and electric cars across the globe.

The expected announcement from the world’s top source of cobalt—a key metal for a host of modern industries—comes despite last-ditch lobbying from the mining industry, which faces higher operating costs.