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

Published: Feb 10, 2026 17:42

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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 (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.

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