DR Congo reshapes copper and cobalt exports with US-backed Mercuria deal

• New JV targets 500,000 tonnes of copper and cobalt annually
• Deal backed by up to $1bn in US financing and logistics support

KINSHASA, DR CONGO – The Democratic Republic of Congo is overhauling how its strategic minerals reach global markets through a landmark partnership with a major commodities trader.

A new joint venture between state miner Gécamines SA and Mercuria Energy Trading will commercialise more than 500,000 tonnes of copper and cobalt annually from Gécamines’ equity stakes, anchoring sales to transparent international benchmarks.