Lloyds Metals Commences Commercial Production of Copper Cathodes in DRC, Marks Entry into Global Copper Value Chain

Lloyds Metals & Energy Limited (LMEL) through its subsidiary, has commenced commercial production of copper cathodes from its 12,000 tonnes p.a. copper processing plant located in the Katanga Copper Belt in the Democratic Republic of Congo (DRC). The milestone marks the Company’s strategic entry into the global copper value chain, positioning Lloyds Metals to participate in the rapidly expanding demand for copper driven by electrification, renewable energy infrastructure and electric mobility. The first copper cathodes have now been successfully produced at the facility, confirming operational readiness of the plant and marking the beginning of commercial operations. The company expects the facility to progressively ramp up production, with an estimated production outlook of ~10,000-12000 tonnes of copper cathodes in CY2026 and ~15,000 tonnes in CY2027. Over the medium term, the platform has a clear expansion pathway to scale capacity towards 30,000 tonnes per annum.