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| Glencore congo mines |
Glencore’s Strategic Asset Sale in DRC
Glencore announced a non-binding agreement to sell a 40% stake in its Congo mines to Orion CMC.
The sale includes Mutanda Mining and Kamoto Copper Company, producing 247,800 tonnes of copper and 35,100 tonnes of cobalt last year.
As a result, Orion CMC gains partial control while Glencore retains operational management, ensuring production continuity.
Implications for US-Congo Critical Minerals Partnership
Orion CMC, backed by US DFC and Abu Dhabi ADQ, aims to secure critical mineral supply for the United States.
In addition, the consortium will collaborate with the DRC government and state-owned miner Gécamines to expand copper and cobalt output.
Meanwhile, this partnership strengthens US strategic influence in Africa’s copper belt, supporting long-term mineral security and investment growth.
Market Impact and Glencore’s Global Strategy
Glencore shares rose 2.9% after the announcement, reflecting investor confidence in monetizing high-value assets.
Furthermore, the transaction complements Glencore’s potential combination with Rio Tinto, creating a $200 billion copper-mining entity.
Overall, the deal balances Glencore’s liquidity needs with strategic alignment to US allies and the global critical minerals market.
ScrapInsight Commentary
This transaction highlights rising geopolitical influence in critical mineral sourcing.
Copper and cobalt supply security will attract further US-backed investments.
The DRC’s recycling and mining policies may increasingly align with international strategic partnerships.
