Congo: zinc exports up sharply by 225%, 43,500 tonnes by 2024

After two years of decline, zinc exports from the DRC recorded a spectacular 225% increase in 2024, reaching 43,590 tonnes, according to the annual mining statistics report published in March 2025 by the Ministry of Mines. This performance marks a turning point for the sector, which had seen volumes fall to 13,578 tonnes in 2022 and 13,403 tonnes in 2023, after peaking at 16,000 tonnes in 2021.

While the Congolese authorities have yet to give details of the reasons for this surge, the start of production at the Kipushi mine, operated by Canadian company Ivanhoe Mines, appears to be a key factor. Commissioned in June 2024, this mine, described as the largest in the country and the fourth largest in the world, produced 50,307 tonnes of zinc concentrate over the year, within the expected range of 50,000 to 70,000 tonnes. With a projected average capacity of 278,000 tonnes per year over its first five years, Kipushi has contributed significantly to this rebound, which is 172% above 2021 levels.

The year 2025, which will mark the first full year of production at Kipushi, could amplify this trend. Ivanhoe Mines anticipates zinc production of 180,000 to 240,000 tonnes, which should consolidate the DRC's position on the world market. This ramp-up comes in a strategic sector for the Congolese economy, where minerals such as zinc, copper and cobalt play a key role.

However, this increase could be tempered by an unfavourable global economic climate. Zinc prices, currently at $2,970 a tonne on the London Metal Exchange (LME), are under pressure. Fitch forecasts a fall to $2,600 a tonne in 2025, due to an estimated global surplus of 270,000 tonnes, while Macquarie expects an average price of $2,650. This expectation is based on sluggish demand in China and Europe, the main consumers, in the face of growing supply.

For the DRC, this rebound in exports is a godsend, but its profitability will depend on price trends. If Kipushi maintains its production targets, the country could strengthen its position as a major zinc exporter. However, prudent management will be needed to cushion the impact of any fall in prices, in a context where the energy transition and the need for critical metals offer both opportunities and uncertainties.

With Kipushi as its spearhead, the DRC is demonstrating its ability to revive a strategic industry, while navigating a global market with headwinds.