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Glencore ups DRC exposure

As a trader at heart, Glencore (LN:GLEN) is renowned for its good timing, and the investment it has just made in its copper-cobalt business in the Democratic Republic of the Congo is another example of opportune deal making.

Daniel Gleeson
Glencore believes Katanga has the potential to become the biggest cobalt producer in the world (photo: Katanga Mining)

Glencore believes Katanga has the potential to become the biggest cobalt producer in the world (photo: Katanga Mining)

While the miner has focused on shoring up its balance sheet and pushing the zinc market into deficit in the past two years, it has now seen an opportunity to grab a bigger slice of some of the highest-grade,...

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