Mercuria Procures Copper and Cobalt from Congo's EGC for the First Time

Mercuria, a major commodity trading company, has announced its first procurement of copper and cobalt from Congo's state-owned mining company, Entreprise Générale du Cobalt (EGC). According to Jin10, the purchased cathode copper is intended for shipment to the United States, the United Arab Emirates, or Saudi Arabia. This move marks a significant step in Mercuria's strategy to diversify its supply chain and strengthen its presence in the global metals market. The procurement aligns with the growing demand for copper and cobalt, essential components in various industries, including electronics and renewable energy. Mercuria's decision to source from EGC highlights the importance of the Democratic Republic of Congo as a key player in the global mining sector.