As the Mining Indaba conference approaches, Africa’s largest copper producers, the Democratic Republic of Congo and Zambia, are working to secure deals that enable them to profit from metal trading. Together, they supply over 13% of global copper, and with rising demand linked to AI and cleaner energy, they are looking to maximize their share of the market. Congo’s state-owned Gecamines is close to finalizing an agreement with Glencore to trade copper from Kamoto Copper Company. This push for greater control over copper resources is expected to be a key issue at the conference, highlighting tensions between national interests and international investors.
Source: Reuters
