DR Congo to send US first copper shipments [Yahoo! Finance]
Freeport-McMoRan, Inc. (FCX)
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Source: Yahoo! Finance
Under a new contract announced on Monday DR Congo's state miner Gécamines will ship 100,000 tons of copper from its Chinese-run Tenke Fungurume mine to the US market. The move follows the signing of a strategic partnership between Washington and Kinshasa last month “ to advance economic and resource security. ” Gécamines said it aims to scale its marketing rights up to 500,000 tons of copper and 40,000 tons of cobalt prioritizing US buyers — and framed the shift as part of a push to “ regain its sovereignty ” over DR Congo's mineral output, after decades in which marketing was mainly handled by foreign third parties such as commodities traders Glencore and Trafigura, alongside Chinese buyers and smelters. China has long been the main destination for DR Congo's copper: In 2024, Kinshasa shipped 1.48 million tonnes of refined copper to the country . Congolese officials have framed the US minerals deal as adding options rather than swapping partners, with Deputy Prime Minister Danie
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