DRC Exports to U.S. Top US$2.1 Billion in Jan–Jul as Copper Trade Accelerates

Published: Sep 07, 2026 15:10 (GMT+8)

U.S. merchandise imports from the Democratic Republic of Congo reached approximately US$2.123 billion in January–July 2026, up nearly 66% from about US$1.281 billion in the same period of 2025, according to U.S. trade data reported on September 4. The seven-month total has already surpassed the US$1.928 billion imported from the DRC during the whole of 2025 and is more than six times the US$323.2 million recorded in 2024. Official U.S. Census Bureau data show imports had already reached US$1.411 billion by the end of June.

Copper has been a major driver of the increase. During H1 2026, approximately US$1.04 billion of the US$1.411 billion in U.S. imports from the DRC was classified as copper and articles thereof, accounting for nearly three-quarters of the total. Imports from the DRC then accelerated to US$712.7 million in July alone, compared with US$264.4 million in July 2025. Separately, U.S. imports of refined copper and copper alloys reached a record 225,094 mt in July, up 78% month on month, with Chile and the DRC identified among the two largest supplying countries.

The shift also coincides with a more active marketing strategy by DRC state miner Gécamines. In January, Gécamines exercised its right to purchase 100,000 tonnes of Tenke Fungurume’s 2026 copper production, with the volume designated for the U.S. market and Mercuria providing financial, logistical and technical support. Gécamines said the transaction was intended to diversify buyers and strengthen its role in marketing copper from its mining partnerships.

The rapid increase in U.S.-bound DRC trade indicates a meaningful diversification of Congolese copper flows toward the American market. If sustained, this could increase competition for DRC cathode and influence regional export routes and physical premiums. However, the US$2.123 billion headline represents total DRC merchandise exports to the U.S., not copper alone, while unusually high U.S. copper imports have also been influenced by tariff-related inventory positioning. The latest figures therefore point more clearly to a changing trade-flow pattern than to an equivalent increase in underlying U.S. copper consumption.

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 for 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
KGHM and South32 launch US$725m Sierra Gorda expansion, lifting copper capacity 26%
Oct 02, 2026 16:31 (GMT+8)
KGHM and South32 launch US$725m Sierra Gorda expansion, lifting copper capacity 26%
Read More
KGHM and South32 launch US$725m Sierra Gorda expansion, lifting copper capacity 26%
KGHM and South32 launch US$725m Sierra Gorda expansion, lifting copper capacity 26%
KGHM and South32 have broken ground on a fourth grinding line at the Sierra Gorda copper-molybdenum mine in Chile's Atacama region. The US$725 million expansion runs for three years from January 2027, with completion by late 2029 and full output in H2 2030. Ore processing capacity rises 26%, from 131,000 tonnes per day to 165,000 tpd. Annual copper output is projected to climb from 165,000 tonnes in 2025 to 195,000 tonnes, with 6,000 tonnes of molybdenum, 58,000 ounces of gold and 1.7 million ounces of silver as by-products. The project creates over 900 direct jobs and is funded from operating cash flow and debt. Unit operating costs are expected to fall about 10%.
Oct 02, 2026 16:31 (GMT+8)
Emerita Extends Final Review of Iberian Belt West PFS, Release Expected in Coming Weeks
Oct 02, 2026 15:31 (GMT+8)
Emerita Extends Final Review of Iberian Belt West PFS, Release Expected in Coming Weeks
Read More
Emerita Extends Final Review of Iberian Belt West PFS, Release Expected in Coming Weeks
Emerita Extends Final Review of Iberian Belt West PFS, Release Expected in Coming Weeks
Emerita Resources has provided an update on the Preliminary Feasibility Study (PFS) for its Iberian Belt West polymetallic project in Spain, saying the study is well advanced but remains under final technical review.​ The company said the review process has been expanded to include additional technical and quality-assurance oversight before publication. As a result, Emerita now expects the PFS to be released in the coming weeks rather than within the previously indicated timeframe.​ Iberian Belt West hosts copper, zinc, lead, gold and silver mineralization and is one of Emerita’s principal development-stage assets in Spain. The PFS is expected to provide updated detail on the proposed mine plan, processing configuration, capital requirements, operating costs and project economics.​ Emerita said the additional review work is intended to ensure consistency and completeness across the technical disciplines contributing to the study before it is finalized.​ The company did not announce a revised specific publication date, and no new production, capital or economic figures were disclosed in the latest update.​ The extended review delays the next major technical milestone for Iberian Belt West, but the company continues to indicate that the PFS is nearing completion. For the copper market, the significance of the study will depend on the production profile and project economics ultimately disclosed, particularly the contribution of copper relative to the project’s other payable metals. Attention will therefore remain on the timing of the PFS release and whether the final study materially changes the project’s development outlook.
Oct 02, 2026 15:31 (GMT+8)
Cascadia Intersects 75.55 m at 1.19% Cu at Carmacks Copper-Gold Project
Oct 02, 2026 15:27 (GMT+8)
Cascadia Intersects 75.55 m at 1.19% Cu at Carmacks Copper-Gold Project
Read More
Cascadia Intersects 75.55 m at 1.19% Cu at Carmacks Copper-Gold Project
Cascadia Intersects 75.55 m at 1.19% Cu at Carmacks Copper-Gold Project
Cascadia Minerals has reported additional drill results from its 2026 exploration programme at the Carmacks copper-gold project in Yukon, Canada, with new step-out drilling extending mineralization at Zone 2000S beyond the boundaries of the existing Mineral Resource.​ Drill hole CD-26-058 returned 75.55 metres grading 1.19% copper, 0.97 g/t gold, 10.4 g/t silver and 335 ppm molybdenum, equivalent to 2.18% copper-equivalent. The interval included 48.66 metres grading 1.61% copper, 1.39 g/t gold, 15.1 g/t silver and 475 ppm molybdenum, equivalent to 3.03% CuEq.​ Within the same hole, a higher-grade interval of 14.50 metres returned 2.30% copper, 2.68 g/t gold, 29.5 g/t silver and 1,015 ppm molybdenum, equivalent to 5.08% CuEq.​ A second hole, CD-26-059, intersected 93.99 metres grading 0.96% copper, 0.70 g/t gold, 4.6 g/t silver and 919 ppm molybdenum, equivalent to 1.94% CuEq. This included 63.97 metres at 1.26% copper, 0.96 g/t gold, 6.3 g/t silver and 1,049 ppm molybdenum, equivalent to 2.52% CuEq.​ Cascadia said the latest results continue to expand mineralization at Zone 2000S beyond the limits of the current Mineral Resource and highlight the higher-grade nature of the extension. The reported drill intervals represent drilled thicknesses, with true widths estimated at approximately 60–70%.​ The latest step-out results indicate that copper-gold mineralization at Zone 2000S extends beyond the boundaries of the current Carmacks Mineral Resource. The broad intervals and higher-grade internal zones could support future resource expansion if additional drilling confirms continuity. However, the new intersections have not yet been incorporated into an updated Mineral Resource Estimate, meaning their ultimate impact on project scale and mine planning remains to be determined.
Oct 02, 2026 15:27 (GMT+8)