US Vows Over $1 Billion for Congo Critical Minerals Supply Chain

The US is in talks to provide more than $1 billion for two critical minerals and railway projects in central Africa as it seeks to secure supplies deemed crucial for national security.

The US International Development Finance Corp. plans to support a new copper and cobalt venture between the Democratic Republic of Congo’s Gecamines SA and Mercuria Energy Trading, as well as a rail project linking Congo and other central and southern African nations to Angola’s coast.

“These projects will help to secure vital supply chains, expand private sector opportunity, and strengthen America’s global competitiveness, while supporting peace, prosperity, ...