Mercuria Acquires First Copper and Cobalt Batch from DRC's State-Owned EGC Company

Published: Feb 10, 2026 17:42

Save

Energy and commodities trader Mercuria recently announced the completion of its first copper and cobalt transaction with the Democratic Republic of Congo's (DRC) state-owned cobalt company, EGC, marking a significant step forward in their cooperation in the field of critical metals. The deal was reached against the backdrop of the DRC government's introduction of a cobalt export quota system last year, while also requiring the implementation of EGC's mineral supply chain management and responsible sourcing standards in the artisanal and small-scale mining sector. Under the arrangement, the copper cathodes involved in the transaction will be shipped to markets such as the US, the UAE, or Saudi Arabia.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

[SMM New Energy] State-owned ESS firm debuts on STAR Market, surges ~600% on day one; market cap tops RMB100B

Dianke Lantian officially listed on the Shanghai Stock Exchange's STAR Market, with its stock price surging 750.05% at opening and closing at 65.94 yuan per share (up 596.3%), reaching a total market capitalization of 114.5 billion yuan.

Common.Time.minsAgo

[SMM New Energy] Jiayuan Technology advances lithium battery copper foil; 3-micron product ready for mass production

Guangdong Jiayuan Technology Co., Ltd. recently elaborated on its core progress and future plans in the lithium battery copper foil business at an investor conference. According to the company's 2025 performance forecast, it expects operating revenue to reach 95 billion to 97.5 billion yuan, representing a year-on-year increase of 45.65% to 49.49%, and to achieve a turnaround from loss to profit. The performance increase is mainly attributed to the continued recovery in demand from the new energy vehicle and energy storage markets, which has driven a significant increase in sales of lithium battery copper foil.

Common.Time.minsAgo

[SMM New Energy] MGL to invest RMB929m in a 30,000 mt/yr Li-ion cathode material project.

MGL announced that the company plans to invest 929M yuan to build an annual 30,000 mt lithium-ion battery cathode material project, with Phase I investment at 737M yuan and Phase II investment at 192M yuan. The project is expected to achieve an annual output of 5,000 mt high-voltage LCO, 10,000 mt NCA material, and 15,000 mt ultra-high nickel ternary cathode material. Among these, Phase I will involve one NCA material production line (annual capacity of 10,000 mt) and one high-voltage LCO production line (annual capacity of 5,000 mt); Phase II will involve the construction of two new ultra-high nickel ternary cathode material production lines with a total annual capacity of 15,000 mt.

Common.Time.minsAgo