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Republic of Congo , Thursday 15 October 2026

Copper hits all-time record as Congo bans exports and acid supply collapses

Published on: Thursday 06 August 2026

Copper hits all-time record as Congo bans exports and acid supply collapses DRC copper export ban forces multinationals including Glencore, CMOC, and Ivanhoe to smelt inside Congo or lose ore access -- mirroring the strategy that drove $30 billion in investment into Indonesian nickel. Combined with a sulfuric acid shortage threatening SX-EW production, the ban has pushed copper to a Comex all-time high above $6.70 per pound.


News source: https://www.msn.com/en-us/money/markets/copper-hits-all-time-record-as-congo-bans-exports-and-acid-supply-collapses/ar-AA29yoHY

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