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Category: Economy

Glencore Warns of Cobalt Stockpile Build-Up Amid Prolonged DRC Export Ban 1 Mining in DRC Battery Metals Cobalt Economy 

Glencore Warns of Cobalt Stockpile Build-Up Amid Prolonged DRC Export Ban

Constance
Glencore May Be Unable to Sell Cobalt in 2025 Due to Congo Export Ban Glencore (LON: GLEN), the world’s second-largest cobalt producer, issued a warning on Wednesday that a substantial portion of its cobalt output may remain unsold by the end of 2025, citing ongoing export restrictions in the Democratic Republic of Congo (DRC). The DRC, which produces the majority of the world’s cobalt, imposed a four-month export ban in February 2025 after prices plunged to a nine-year low. In June, the Congolese government extended the ban by an additional… Read More Here
Copper Tariff Exemption Reveals the U.S. Balancing Act Between Industry Protection and Energy Costs 2 International Copper Economy 

Copper Tariff Exemption Reveals the U.S. Balancing Act Between Industry Protection and Energy Costs

Constance
Why the U.S. Exempted Refined Copper from Tariffs While Slapping 50% Duties on Aluminum In a move that surprised global markets, the United States last week announced it would exempt refined copper metal from new import duties—while maintaining steep tariffs on semi-finished copper products such as wire, tube, and sheet. The decision sent Comex copper prices down more than 20% since the announcement last Wednesday. The contrast between this exemption and the earlier imposition of 50% tariffs on aluminum imports highlights the crucial role of energy costs and industry lobbying… Read More Here
Jubilee Metals Makes Major Strides in Zambian Copper Expansion 3 Mining in Zambia Copper Corporate News Economy 

Jubilee Metals Makes Major Strides in Zambian Copper Expansion

Constance
Jubilee Metals Reports Strong Copper Growth in Zambia, Eyes 10,000t Boost in 2026 Amid Strategic Asset Expansion Diversified metals producer Jubilee Metals has announced substantial progress across its copper operations in Zambia, marking a critical milestone in its long-term copper expansion strategy. According to CEO Leon Coetzer, all essential assets are now in place to maintain momentum and drive sustainable growth. Jubilee’s Zambian strategy draws on the company’s extensive processing experience from its South African chrome and platinum group metals (PGM) operations, which are currently in the final stages of… Read More Here
South Africa Hit with 30% U.S. Export Tariffs After Failed Trade Agreement 4 Economy International 

South Africa Hit with 30% U.S. Export Tariffs After Failed Trade Agreement

Constance
U.S. Slaps 30% Tariff on South African Exports Amid Collapsed Trade Talks South Africa is set to face a 30% tariff on its exports to the United States starting next week, following the failure to secure a new trade agreement before a deadline imposed by former U.S. President Donald Trump. The tariffs, formalized in an executive order signed on Thursday, apply to dozens of countries, with rates ranging between 10% and 41%. They will take effect within seven days as part of Trump’s broader effort to reshape global trade terms… Read More Here
DRC Projects 5.3% Economic Growth in 2025 Amid Easing Inflation and Structural Reforms 5 Mining in DRC Economy 

DRC Projects 5.3% Economic Growth in 2025 Amid Easing Inflation and Structural Reforms

Constance
DRC Forecasts Slower but Steady Growth at 5.3% in 2025, Inflation Falls Sharply from 2024 Levels The economy of the Democratic Republic of Congo (DRC) is projected to grow by 5.3% in 2025, down from an estimated 6.5% in 2024, according to the latest forecasts released by the Central Bank of Congo (BCC). , While this marks a modest slowdown compared to recent years, the extractive industries continue to play a dominant role as the primary engine of national economic expansion. On the inflation front, the DRC is showing encouraging… Read More Here
Global Gold Market at a Crossroads as Investor Demand Surges 6 Gold Economy International 

Global Gold Market at a Crossroads as Investor Demand Surges

Constance
Gold Demand in 2025 Surges from Investors While Central Banks and Jewelry Sector Pull Back The global gold market is undergoing a major transformation. In the first half of 2025, global demand reached 2,400 tonnes, according to the latest report released by the World Gold Council (WGC) on July 31, 2025. While gold continues to attract attention, the drivers of demand are shifting sharply—investor appetite is growing, while central banks and the jewelry sector are losing momentum. Historically one of the main sources of gold demand, central banks are now… Read More Here
DRC Prioritizes Local Entrepreneurs in Economic Strategy During Angola Visit 7 Mining in DRC Economy 

DRC Prioritizes Local Entrepreneurs in Economic Strategy During Angola Visit

Constance
DRC Champions Local Entrepreneurs as Catalysts for Economic Growth The Government of the Democratic Republic of Congo (DRC) is intensifying its efforts to make local entrepreneurs the cornerstone of its national economic strategy. During an official visit to Angola, on Tuesday, July 29, 2025, Deputy Prime Minister for the Economy, Daniel Mukoko Samba, reaffirmed the government’s commitment to empowering the Congolese private sector as a key player in the country’s development trajectory. “For the DRC, the best way to access the Congolese market is through local entrepreneurs,” said Mukoko Samba… Read More Here
President Tshisekedi Calls for Review of Tax Clearance Measures to Support Economic Growth 8 Mining in DRC Economy Governance 

President Tshisekedi Calls for Review of Tax Clearance Measures to Support Economic Growth

Constance
DRC President Tshisekedi Orders Reassessment of Tax Clearance Rules Amid Economic Concerns Amid growing concerns from business leaders over tax clearance requirements affecting commercial and administrative operations, President Félix Tshisekedi has called for a comprehensive review of these measures. His directive came during the 52nd ordinary session of the Council of Ministers. The 2025 Finance Act and its implementing decree of April 9 introduced mandatory tax clearance certificates for a wide range of activities. These include inter-company payments, opening bank accounts for non-residents, and acquiring administrative documents for expatriates. However,… Read More Here
Investor Confidence Grows as Standard Bank Endorses DRC's Development Agenda 9 Mining in DRC Economy Governance 

Investor Confidence Grows as Standard Bank Endorses DRC’s Development Agenda

Constance
Standard Bank Pledges Investment in DRC Infrastructure Projects Despite Ongoing Security Crisis Investor confidence in the Democratic Republic of Congo (DRC) continues to rise, fueled by President Félix Tshisekedi’s clear development vision. This momentum was further demonstrated on Thursday, July 24, 2025, when Prime Minister Judith Suminwa welcomed a high-level delegation from the Standard Bank Group, led by Lungisa Fuzile, Chief Executive for the Africa Region. The visit aimed to showcase the banking giant’s interest in partnering on key national development projects, despite challenges in the region. “We are here,… Read More Here
Namibia Charts Bold Economic Comeback Under First Female President 10 International Economy 

Namibia Charts Bold Economic Comeback Under First Female President

Constance
Namibia Targets 7% Growth to Regain Upper-Middle-Income Status with Green Hydrogen and Regional Energy Alliance Under the leadership of its first female president, Netumbo Nandi-Ndaitwah, Namibia is laying out an ambitious roadmap to restore its upper-middle-income status after a recent downgrade by the World Bank. The downgrade, prompted by fiscal challenges and a dip in gross national income (GNI) per capita below the $4,496 threshold, reclassified Namibia as a lower-middle-income country. In response, President Nandi-Ndaitwah’s administration has set a bold economic growth target of 7%, anchored by green hydrogen development,… Read More Here

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