U.S. Expands Strategic Footprint in Africa’s Critical Minerals Through Glencore Deal
U.S.-Backed Orion Consortium Acquires 40% Stake in Glencore’s DRC Copper and Cobalt Assets The United States is strengthening its presence in Africa’s critical minerals sector after Glencore PLC agreed to sell a 40% stake in its Democratic Republic of Congo (DRC) copper and cobalt operations to the U.S.-backed Orion Critical Minerals Consortium (Orion CMC). The transaction, announced on Tuesday, values the assets at approximately $9 billion, including debt, and covers Glencore’s Mutanda Mining (MUMI) and Kamoto Copper Company (KCC) operations. These projects rank among the largest Western-owned producers of cobalt…
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