Mercuria Completes First Copper and Cobalt Purchase from EGC amid DRC Export Quota Implementation
Mercuria Energy Trading SA has announced its first copper and cobalt transaction with Entreprise Générale du Cobalt (EGC). This follows a quota system for cobalt exports from the Democratic Republic of Congo established by ARECOMS and emphasizes responsible sourcing practices. The copper cathodes are intended for shipment to the USA, UAE, or Saudi Arabia, marking a significant step for the DRC in the critical metals market.
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Mercuria Energy Trading SA has completed its first transaction for copper and cobalt with Entreprise Générale du Cobalt. This transaction is in line with a cobalt export quota system from the Democratic Republic of Congo established by the Strategic Mineral Substances Market Regulation and Control Authority.
The copper cathodes are designated for shipment to the United States, United Arab Emirates, or Saudi Arabia. This transaction highlights the Democratic Republic of Congo's role in the critical metals market and follows a joint venture announcement between Gécamines and Mercuria in 2025.
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