Sunny days ahead for troubled DRC: Country stares at enormous revenue growth prospects
Projections indicate that demand for copper in clean energy technologies could triple by 2040, requiring an additional 10 million tonnes to meet this demand.
The Democratic Republic of Congo (DRC), despite its political and economic shocks, faces enormous revenue growth prospects in the next five years as the United Nations (UN) consider Kinshasa a major player and beneficiary in the global $250 billion investments in copper production, required to transition the world to clean energy by the year 2030.
A new report by the United Nations Trade and Development (UNCTAD) says DRC has largely untapped reserves of high-grade copper, offering significant growth potential and that Kinshasa is quickly strengthening its position as a leading copper producer, thanks to the high quality of its reserves—some mines have copper grades exceeding three per cent, well above the global average of 0.6–0.8 per cent.
