Glencore in Talks to Sell Stake in DRC’s Kamoto Copper and Cobalt Mine Amid US Interest
Glencore Plc has entered talks to sell a stake in its largest African copper operation, the Kamoto Copper Company (KCC) in the Democratic Republic of Congo (DRC), marking the clearest signal yet that the Swiss commodities giant may relinquish control of one of its flagship assets. KCC oversees a major copper and cobalt project long touted as central to Glencore’s growth. However, the mine has been… Read full details
USTDA Funds $1.4M Metalex Study to Boost Zambia’s Copper and Cobalt for US Supply Chains…
The United States is intensifying efforts to secure critical minerals outside China’s control, backing the expansion of a copper and cobalt facility in Zambia. On Thursday, the US Trade and Development Agency (USTDA) awarded a $1.4-million grant to Metalex Africa, a subsidiary of Texas-based Metalex Commodities, to finance a feasibility study for expanding its Kazozu mine in Zambia’s North-Western.…Read full details
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Cobalt Prices Soar 90% in 2025 as Congo Export Ban Tightens Supply for EV Batteries…
A surge in supply from the Democratic Republic of Congo (DRC)—which produces about 80% of the world’s cobalt—combined with sluggish demand from the electric vehicle (EV) sector, drove cobalt prices to historic lows at the beginning of 2025. Copper output in the DRC, much of it controlled by Chinese companies, rose sharply in 2024, driving a nearly 40% increase in the country’s cobalt production… Read full details
Expanding generation capacity and modernising transmission systems are essential not only for mining growth…
First Quantum Minerals (FQM) is investing in Zambia’s energy infrastructure to help the nation achieve its ambitious target of 3 million tonnes of annual copper production. The company emphasised that expanding generation capacity and modernising transmission systems are essential not only for mining growth but also for powering Zambia’s broader economic development and supplying critical minerals… Read full details
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