0

The Minerals Security Partnership Welcomes New Deal in Minerals Offtake and Processing Between STL in the Democratic Republic of the Congo and Umicore in Belgium – United States Department of State

The new deal finalized between the United States, as Chair of the Mineral Security Partnership (MSP), and STL, a subsidiary of La General des Carrieres et des Mines (Gécamines) in the Democratic Republic of the Congo (DRC), an MSP partner. welcome. and Belgian company Umicore which pursues collaboration on germanium offtake and processing.

This collaboration between MSP partners and the private sector is a powerful demonstration of the potential of MSPs to secure and diversify critical mineral supply chains, delivering economic benefits to local communities and source countries like the DRC. As noted by the leadership of Umicore and Gecamines, the deal will also support sustainable recycling and the circular economy, develop new technical skills and expertise in the DRC, and position Gecamines and the DRC as a significant player in the processing of critical minerals. Will enhance the role. ,

This milestone agreement, made through close collaboration with 15 MSP partners, significantly increases the global supply of germanium, which is used in semiconductors, optical cables, solar cells and more. The processed germanium will ultimately strengthen the supply chain to the US, European and Japanese markets.

the-minerals-security-partnership-welcomes-new-deal-in-minerals-offtake-and-processing-between-stl-in-the-democratic-republic-of-the-congo-and-umicore-in-belgium-united-states-department-of-state