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Category: Cobalt

Copper Climbs Above US$14,700 as Cobalt Extends Gains on Global Markets 1 Mining in DRC Cobalt Copper Economy 

Copper Climbs Above US$14,700 as Cobalt Extends Gains on Global Markets

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DRC Copper Prices Rise to US$14,705/Tonne While Cobalt Continues Upward Trend Prices for key mineral exports from the Democratic Republic of Congo (DRC) continued to strengthen on international markets during the week of October 19 to 24, 2026, with both copper and cobalt recording gains amid sustained demand for energy-transition minerals. According to the latest official mineral commodity price schedules, copper rose from US$14,425.60 per tonne to US$14,705.35 per tonne, while cobalt increased from US$38,507 per tonne to US$38,596 per tonne. Copper recorded one of the strongest performances among the… Read More Here
US-Backed Investors Close In on Stake in Glencore’s DRC Mining Assets 2 Mining in DRC Cobalt Copper Corporate News 

US-Backed Investors Close In on Stake in Glencore’s DRC Mining Assets

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US-Backed Consortium Moves Closer to Acquiring Stake in Glencore’s DRC Copper-Cobalt Operations A US-backed consortium is nearing the completion of a major investment in Glencore’s copper-cobalt operations in the Democratic Republic of Congo (DRC), a move that could reshape the ownership landscape of some of the world’s most strategically important critical mineral assets. The transaction, which is reported to be in its final stages, involves Orion Critical Minerals Consortium (Orion CMC) acquiring a 40% stake in Glencore’s majority interests in two major mining operations in the DRC. The deal forms… Read More Here
Copper and Cobalt Prices Rise on International Markets in the DRC 3 Mining in DRC Cobalt Copper Economy 

Copper and Cobalt Prices Rise on International Markets in the DRC

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DRC Copper Price Climbs 1.93% to US$14,705 per Tonne as Cobalt Gains 0.23% Copper and cobalt prices recorded increases on international markets during the week of October 19–24, 2026, providing a positive development for the Democratic Republic of Congo (DRC), one of the world’s leading producers of both metals. According to price schedules published by the DRC Ministry of Foreign Trade, the price of copper rose by 1.93% to US$14,705.35 per tonne on October 19, compared with US$14,425.60 the previous week. Cobalt prices also increased, gaining 0.23% to US$38,596 per… Read More Here
DRC Seeks US Removal of Cobalt from Child and Forced Labour List 4 Mining in DRC Cobalt 

DRC Seeks US Removal of Cobalt from Child and Forced Labour List

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DRC Reports 13,587 Children Removed from Cobalt Mining as It Seeks US Delisting The Democratic Republic of Congo (DRC) is seeking to have its cobalt removed from a United States government list of goods associated with child and forced labour, presenting progress under a social support programme aimed at addressing child labour in the country’s artisanal mining sector. The Fonds National de Promotion et de Service Social (FNPSS), a Congolese public institution responsible for social development programmes, presented the results of its PABEA-Cobalt initiative in Geneva on the sidelines of… Read More Here
Glencore Commits US$500 Million to US Critical Minerals Reserve 5 Critical Minerals Cobalt Copper Corporate News Mining in DRC 

Glencore Commits US$500 Million to US Critical Minerals Reserve

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Glencore Commits US$500 Million to US Critical Minerals Reserve as DRC Assets Gain Strategic Importance Glencore has been selected as a founding partner of VaultCo, the public-private company implementing the United States’ strategic critical minerals reserve, with the mining and commodities group receiving a US$500 million commitment from the US Export-Import Bank (EXIM). The initiative is designed to strengthen US critical mineral supply chains by enabling Glencore to source, purchase and deliver critical minerals for strategic inventories that will be stored in the United States. Project Vault was launched by… Read More Here
China’s Cobalt Refining Dominance Remains a Challenge for the DRC 6 Mining in DRC Battery Metals Cobalt 

China’s Cobalt Refining Dominance Remains a Challenge for the DRC

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China’s Cobalt Refining Dominance Highlights DRC’s Downstream Processing Challenge The recent meeting between US President Donald Trump and Chinese President Xi Jinping has highlighted the strategic importance of mineral processing, with China continuing to dominate the global refining of cobalt despite growing efforts to diversify critical mineral supply chains. Trump and Xi met in Washington from September 23 to 25, 2026, with discussions covering a range of economic and trade issues. The summit extended the suspension of Chinese export controls on rare earths until January 10, 2027, but no documented… Read More Here
Luishia Copper-Cobalt Mine Turns to Solar and Battery Storage for Power Supply 7 Mining in DRC Cobalt Copper Corporate News Energy 

Luishia Copper-Cobalt Mine Turns to Solar and Battery Storage for Power Supply

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DRC’s Luishia Copper-Cobalt Mine Deploys 32 MWp Solar Plant with 58 MWh Battery Storage A copper-cobalt mine in the Democratic Republic of Congo’s Haut-Katanga province has begun using a 32 MWp solar power plant coupled with a 58 MWh battery energy storage system to strengthen its electricity supply and reduce reliance on diesel generators. Located in Luisha, about 80 kilometres from Lubumbashi, the project was successfully connected and energised on June 19, 2026. Developed and constructed by China Railway Seventh Group, the system is designed to provide a stable 14… Read More Here
US Investors Show Growing Interest in DRC Critical Minerals 8 Mining in DRC Cobalt Copper Critical Minerals Lithium 

US Investors Show Growing Interest in DRC Critical Minerals

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US Investors Step Up Interest in DRC Critical Minerals as Chemaf and KoBold Advance Projects US companies are showing growing interest in the Democratic Republic of Congo’s critical-minerals sector, with investors pursuing opportunities in mining, exploration and mineral development. DRC Minister of Mines Louis Watum Kabamba said there was increasing interest from US companies seeking to invest in the country, acquire mining concessions and create jobs. Speaking in New York on the sidelines of the 81st United Nations General Assembly, Watum pointed to recent developments involving Chemaf and KoBold Metals… Read More Here
DRC Establishes Task Force to Accelerate US Minerals Partnership 9 Mining in DRC Battery Metals Cobalt Copper 

DRC Establishes Task Force to Accelerate US Minerals Partnership

Constance
DRC Moves to Fast-Track US Minerals Deal as Western Investment Interest Grows The Democratic Republic of Congo (DRC) has established a task force to accelerate implementation of its strategic minerals partnership with the United States as Kinshasa seeks to attract more Western investment into its copper and cobalt sectors. The decision was approved by the Cabinet on September 11 and formally establishes the “DRC-USA Task Force” to coordinate and accelerate the execution of commitments under the partnership. Economy Minister Daniel Mukoko Samba said the task force would help translate the… Read More Here
DRC exports more than 41,000 tonnes of cobalt in first half of 2026 10 Mining in DRC Battery Metals Cobalt 

DRC exports more than 41,000 tonnes of cobalt in first half of 2026

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DRC cobalt exports reach 41,140 tonnes in first half of 2026 The Democratic Republic of Congo (DRC) exported 41,140 tonnes of cobalt during the first half of 2026, according to statistics from the Technical Unit for Coordination and Mining Planning (CTCPM), a department under the Ministry of Mines. The first-half exports already amount to approximately 92.8% of the 44,338.47 tonnes of cobalt exported by the DRC during the whole of 2025. The figures highlight the strong resumption of cobalt shipments in 2026 following the temporary suspension of exports imposed by… Read More Here

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