Story
DRC Creates Task Force to Accelerate Critical Minerals Pact with US

The Democratic Republic of Congo has approved the formation of a special task force to accelerate its strategic minerals partnership with the United States, a move aimed at attracting greater Western investment in its world-leading copper and cobalt industries. The decision, detailed in cabinet minutes seen by Reuters, signals a push to strengthen economic and security ties with Washington.
Task Force to Drive Implementation
According to a government account of a September 11 cabinet meeting, the body will be formally known as the "DRC-USA Task Force." Its primary objective is to expedite the execution of the partnership signed between the two nations in December.
Economy Minister Daniel Mukoko Samba stated the task force would help translate the agreement's commitments into "concrete economic and security results" for the Congolese people. The government did not release details on the task force's members or its priority projects. A government official, speaking on condition of anonymity, noted the body was initially planned for February but faced administrative delays.
Geopolitical and Market Significance
The initiative is a key part of the DRC's strategy to diversify its sources of investment beyond China and aligns with U.S. efforts to secure alternative supply chains for critical minerals. The DRC is the world's largest producer of cobalt and the second-largest exporter of copper, both essential materials for electric vehicles, batteries, and advanced electronics.
AdThis partnership has already yielded tangible outcomes, including:
- A U.S.-backed mining investment through Virtus Minerals.
- Expanded copper offtake arrangements between state miner Gecamines and trading houses Mercuria and Glencore, increasing sales to Western markets.
Broader Economic Planning
The establishment of the task force was approved during the same meeting where ministers endorsed a record $24.8 billion budget for 2027. This represents a 12% increase from the revised 2026 spending plan and highlights the government's focus on infrastructure, security, and economic diversification.
Read next
More on Commodities
U.S. Crude Inventories Post Surprise Draw While Gasoline Stocks Swell, EIA Reports
U.S. crude oil stockpiles fell unexpectedly last week, driven by a surge in exports, while gasoline inventories saw a significant build amid weakening demand, according to the latest EIA data.

UBS Raises Year-End Brent Forecast to $110 on Middle East Supply Risks
UBS has increased its year-end forecast for Brent crude to $110 per barrel, citing escalating supply risks in the Middle East, declining global inventories, and record-high freight costs.

Iran Dismisses Latest Qatari Peace Proposal as 'Unacceptable'
A senior Iranian official has rejected the latest Qatari-mediated draft deal to end the eight-month war, calling the ideas 'unacceptable' and signaling a continued diplomatic impasse. The news comes amid rising oil prices following attacks on Saudi energy infrastructure.

Argentina Poised to Gain EU Soymeal Market Share as Deforestation Rules Hit Brazil
Argentina's soybean industry is preparing to capture a larger share of the European Union's soymeal market as new EU anti-deforestation rules are expected to disrupt exports from rival Brazil.