US-Congo Mineral Deals Slowed by Conflict, China
Analysis based on 9 articles · First reported Mar 02, 2026 · Last updated Mar 03, 2026
The market for strategic minerals, particularly copper, cobalt, and lithium, is impacted by geopolitical competition between the United States and China for influence in the Democratic Republic of the Congo. Delays in deals due to conflict and permitting issues in the Democratic Republic of the Congo create uncertainty for Western investors like Glencore, Virtus Minerals, and KoBold Metals, while Chinese firms like Zijin Mining continue to advance projects due to fewer compliance burdens.
The United States is making efforts to secure strategic minerals from the Democratic Republic of the Congo to reduce its reliance on China, which currently dominates the sector. A minerals pact was signed in December, followed by the Democratic Republic of the Congo providing a 44-project shortlist to the United States. However, progress is slow due to ongoing conflict with M23 rebels, contested licenses, and the Democratic Republic of the Congo's deliberate slowing of deals to pressure the United States for stronger action against M23. The United States is also urging Rwanda to cease support for M23. Western companies like Glencore, Virtus Minerals, and KoBold Metals face challenges with compliance and disputes, while Chinese firms like Zijin Mining are able to advance projects more rapidly due to less stringent regulations.
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