Mercuria JV to Market Half a Million Tons of Congo’s Copper

Mercuria Energy Trading has started a metals trading joint venture with Democratic Republic of Congo’s Gécamines SA to market copper and cobalt the country gets from equity stakes in local mines.

In addition to large amounts of cobalt, the joint venture could end up marketing over 500,000 tons of copper cathodes annually, Kostas Bintas, head of metals at Mercuria Energy Group Ltd., said in an interview on Friday.