Zambia Partners with Mercuria and IDC to Enhance Copper Trade
Independent energy and commodity group Mercuria has entered into a strategic joint venture (JV) partnership with Zambia’s state-owned Industrial Development Corporation (IDC) to establish a metals trading company through Industrial Resources Limited, a wholly owned IDC subsidiary.
This partnership positions Zambia, Africa’s second-largest copper producer, to actively participate in minerals trading. Mercuria will support Zambia in building independent institutional marketing and trading capacity for its copper resources.
“Our joint venture with IDC marks a significant milestone for Zambia as it positions itself more strategically in the global minerals market,” said Kostas Mintas, Mercuria’s Global Head of Metals and Minerals.
The collaboration will also leverage Mercuria’s expertise to enhance local capacity through knowledge and skills transfer. Additionally, the partnership aims to improve transparency and efficiency within Zambia’s minerals sector, fostering long-term growth and sustainability.
