![COPPER LEVERAGE](https://cisp.cachefly.net/assets/articles/images/resized/0001131523_resized_0001129887copperafricabloomberg20241022.jpg)
Photo by: Bloomberg
A revamped minerals-for-infrastructure deal between the Democratic Republic of Congo (DRC) and China’s Sicomines is contingent on the price of copper. Under the new contract, DRC will get $324-million yearly for infrastructure projects from its Chinese partners through to 2040 as long as the copper price remains above $8000/t. If copper rises above $12000/t, 30% of the additional profit will go to financing more infrastructure. If it falls below $8 000, funding will diminish and stop altogether at $5,200/t. Photograph: Bloomberg