Africa's biggest copper producers, the Democratic Republic of Congo and Zambia, are working on deals to gain exposure to metal trading as a demand surge linked to artificial intelligence and the shift to greener energy promises hefty profits.
Critical minerals factor into the fight.
An African country that's the 11th largest in the world also shares its border with a staggering nine other countries.
The scene is the result of the invasion of Goma on January 27th by M23, an armed group under the control of Rwanda, Congo’s neighbour, which abuts the city. Paul Kagame, Rwanda’s president, has escalated a crisis whose origins go back decades.
The mineral-rich east of the Democratic Republic of Congo has been dogged by conflict for more than 30 years, since the 1994 Rwandan genocide.Numerous armed groups have competed with the central authorities for power and control of the potential fortune in this vast nation.
Zambia's copper production rose by 12% in 2024 to approximately 820,670 tonnes (t), up from 732,580t in the previous year. According to Mines Minister Paul Kabuswe, this increase is attributed to the recovery of production at major mines, reported Reuters.
The conflict comes amid rising global tensions after Donald Trump’s election, especially between Washington and Beijing, over control of strategic minerals like those present in the Congo.
the intensifying mpox outbreak places additional strain on the Democratic Republic of Congo and surrounding African nations; heightened security tensions spur the United States, keeping nuclear ...
A conflict that has raged for decades reached a flashpoint this week when rebels backed by Rwanda marched on a key Congolese city in a bid to occupy territory and exploit minerals.
Africa's biggest copper producers, the Democratic Republic of Congo and Zambia, are working on deals to gain exposure to metal trading as a demand surge linked to artificial intelligence and the shift to greener energy promises hefty profits.
Abu Dhabi sovereign wealth fund ADQ announced a new venture to invest $1.2-billion in the metals and mining sector over four years, as the emirate deepens its push to secure supplies of critical minerals.