Gecamines, the Democratic Republic of Congo's state-owned mining giant, has proposed acquiring Chemaf SA. The deal would precede bringing in a new majority shareholder for the troubled copper and cobalt producer. This move signals a strategic push to gain more control over the country's vital cobalt resources.

Chemaf's operations are critical for the global battery supply chain, supplying materials for electric vehicles. The producer has faced financial difficulties, making it a target for consolidation. Gecamines' bid aligns with broader efforts by the Congolese government to increase its stake in the nation's lucrative mining sector and secure strategic partnerships.

Intensifying US interest in securing non-Chinese cobalt supplies adds urgency to the situation. Washington has been seeking alternatives to diversify its critical mineral sources. The outcome of this proposed acquisition could reshape the competitive landscape for battery-grade materials and influence future investment in the DRC's mining industry.