DRC's Kamoa to treat 40% of copper output domestically; export talks continue

The world's second-largest copper mine, currently in expansion, will send 40% of its copper concentrate output in Phase 1 to a domestic smelter in the Democratic Republic of Congo (DRC), with negotiations to sell their copper output still underway, sources said.

Kamoa Copper, operating out of Kamoa Kakula mine, signed a ten-year agreement with Lualaba copper smelter (LCS), of China Nonferrous Metal Mining Group, to allow LCS to treat a major portion of their copper concentrate output, the company said on June 2.

Fastmarkets’ copper concentrate TC index cif Asia Pacific was calculated at $30.10 per tonne/ 3.01 cents per lb on Friday May 28, a rebound from its...


Julian Luk

June 03, 2021

15:04 GMT