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Metals: DRC and Zambia working on agreements

04/02/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Alors qu' une augmentation de la demande liée à l' intelligence artificial and with the transition to greener energy promises heavy profits, Africa's largest copper producers are working on agreements to expose to climate change. Eacute; trade of metals.

The Democratic Republic of Congo and Zambia together account for over 13% of the world's copper supply. During the year 2024, they increased their efforts to secure a portion of the extracted metal that they too can trade for profit. The Congolese public mining company Gécamines is about to finalize an agreement with Glencore to obtain an allocation of around 51,000 tons of metal from the Kamoto Copper Company (KCC). According to the information, it owns 25% of KCC and is negotiating an allocation of the metal equivalent of its stake in the mine

.

Par ailleurs, le gouvernement congolais cherche quant à lui à exercer un plus grand contrôle sur la vente des métaux dans projects where he has a stake. Congo owns 20% of Ivanhoe's Kamoa-Kakula mine, which aims to produce 520,000 to 580,000 tons of copper style="font-family: "Bookman Old Style”, serif"> this year. Investors are under the impression that Congo and Zambia, which straddle the African copper belt, are difficult places to invest. That's why the Verisk Maplecroft Resource Nationalism Index classifies them

as being at high risk.
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