Mercuria purchases first Copper and Cobalt from Entreprise Générale du Cobalt ("EGC")

Published: Feb 9, 2026 13:09

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Energy and commodities trader Mercuria recently announced the completion of its first copper and cobalt transaction with the Democratic Republic of Congo’s state-owned cobalt company, Entreprise Générale du Cobalt (EGC), marking an important step forward in cooperation between the two parties in the critical metals sector. The transaction follows the cobalt export quota system introduced by the DRC government last year and requires the implementation of EGC’s standards on mineral supply chain management and responsible sourcing practices in the artisanal and small-scale mining sector. According to the arrangement, the copper cathodes involved in the transaction will be shipped to markets including the United States, the United Arab Emirates, or Saudi Arabia.

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