The Democratic Republic of Congo (DRC) is in discussions with India to secure an agreement for the supply of key minerals, including cobalt and copper. Sources familiar with the matter say both countries are keen to finalize the deal.
India, one of the world’s fastest-growing economies, is looking to resource-rich nations such as Congo, Mongolia, and Zambia. It seeks to secure minerals needed for industries and energy transition. As part of this effort, India’s mines ministry plans to send geologists to Congo. One source confirmed that a memorandum of understanding is in progress. Since talks are confidential, both sources requested anonymity.
India’s Expanding Interest in Congo’s Minerals
Indian officials are expected to attend a mining conference in Congo this year. This follows a senior official’s visit in July 2024 to explore cobalt and copper opportunities.
Congo is the world’s largest producer of cobalt, a key component in electric vehicle and mobile phone batteries. Copper is essential for power generation, electronics, and construction. However, instability remains a challenge. Clashes continue in the mineral-rich eastern regions between the Rwanda-backed M23 rebel group and pro-Congo militias.
“Geopolitical risks often delay mining projects in Africa,” said a sector expert. Processing these minerals also requires advanced technology. Even after discovery, commercial production can take time.
Growing Competition for Africa’s Resources
India also plans to send a team of geologists to Zambia in the next two months. This is part of its broader effort to secure mineral supplies.
At the same time, the United States has shown interest in mineral partnerships with Congo. A Congolese senator recently proposed a minerals-for-security agreement.
Last month, Congo suspended cobalt exports for four months to control an oversupply. This move may affect global markets as competition for Africa’s critical minerals grows.