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Glencore is selling a 40% stake in its DRC copper and cobalt mines to a U.S.-backed group in a $9 billion deal to boost U.S. access to critical minerals.
Glencore is negotiating to sell a 40% stake in its DRC copper and cobalt operations—Mutanda Mining and Kamoto Copper—to a U.S.-backed consortium, the Orion Critical Mineral Consortium, valued at $9 billion including debt.
The deal, part of broader U.S. efforts to diversify critical mineral supply chains and reduce reliance on China, aims to secure access to the DRC’s vast cobalt reserves vital for electric vehicles and clean energy.
The nonbinding agreement is subject to due diligence and regulatory approval, with the U.S.-DRC strategic partnership supporting the project.
The transaction coincides with ongoing merger talks between Glencore and Rio Tinto, which must conclude by February 5.
Glencore está vendiendo una participación del 40% en sus minas de cobre y cobalto de la RDC a un grupo respaldado por Estados Unidos en un acuerdo de $ 9 mil millones para impulsar el acceso de los Estados Unidos a minerales críticos.