Congo Stability That Quintupled Copper Output at Risk in Presidential Vote

Base Metals Investing

Bloomberg reported that the Democratic Republic of Congo’s copper output has increased five-fold since the last vote due to the instability related to the recent Presidential elections.

Bloomberg reported that the Democratic Republic of Congo’s copper output has increased five-fold since the last vote due to the instability related to the recent Presidential elections.

As quoted in the market news:

Congo boosted copper exports to 500,000 metric tons from 100,000 tons during those five years, according to central bank data, as companies including Freeport McMoRan Copper & Gold Inc. (FCX), Glencore International Plc and Eurasian Natural Resources Corp. (ENRC) expanded projects in the Central African country.

Click here to read the full Bloomberg report.

The Conversation (0)
MARKETS
COMMODITIES
CURRENCIES
×