With control of KCC, Glencore is one of the few Western companies with major stakes in the DRC’s cobalt industry. Glencore is in discussions to sell a majority stake in the Kamoto Copper Company (KCC) in the Democratic Republic of Congo (DRC), according to Bloomberg. KCC operates a major copper and cobalt project in the DRC but has faced operational challenges and a dispute with the Congolese Government over royalties. With control of KCC, Glencore is one of the few Western companies with major stakes in the DRC’s cobalt industry, which is predominantly managed by Chinese operators and Kazakhstan’s Eurasian Resources Group. The KCC mine is jointly owned by Glencore, which holds a 70% stake, alongside state-owned Gecamines and the Congolese Government.