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Conflict in Eastern Congo Is Ready to Explode

The conflict in Democratic Republic of Congo's eastern borderlands is set to erupt into a wider regional war, with three neighbouring armies already on the ground and a long history of outside interference. The region is home to vast reserves of strategic minerals that are central to the world's race to develop new technology and green energy, raising the stakes even higher. The mechanisms used to end such conflicts, including robust U.N. peacekeeping missions and decisive actions such as sanctions and aid cuts, are frayed.

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Clashes Continue in Eastern Congo Days After Attack on Civilians Left Many Dead Δ1.86

Fighting between M23 rebels and pro-Congo militias was underway on Sunday in Nyabiondo, about 100 km (62 miles) north of Goma in eastern Congo, residents said, days after a nearby attack left a heavy civilian death toll, according to the United Nations and an NGO. The Rwanda-backed rebel group M23 has seized swathes of mineral-rich eastern Congo since the start of the year. US officials have expressed interest in exploring critical minerals partnerships with the Democratic Republic of Congo.

US Open to Minerals Partnerships with Democratic Republic of Congo Δ1.80

The United States is considering potential partnerships with the Democratic Republic of Congo (DRC) regarding its rich mineral resources, including cobalt, lithium, and uranium, amid ongoing regional instability due to M23 rebel activity. A Congolese senator has proposed a minerals-for-security deal, reflecting the DRC's desire to diversify its international partnerships while attracting U.S. investment in its mining sector. The U.S. State Department has expressed openness to discussions, emphasizing the need for responsible and transparent development of the DRC's mineral assets.

Deadly Blasts at Rally in Eastern Congo Trade Blame Δ1.79

Democratic Republic of Congo's government and Rwandan-backed M23 rebels traded blame on Friday for explosions at a rally in the rebel-held eastern city of Bukavu that killed 13 people and wounded scores. The finger-pointing over Thursday's incident has further inflamed tensions in eastern Congo, where a rebel advance this year has drawn in neighbouring armies, raising fears of a regional war. Congo's army said Rwandan troops and rebels fired rockets and grenades into a crowd gathered on Thursday in Bukavu's central square for a speech by one of M23's leaders.

Rwanda-Backed Rebels Sweep Through Congo's East Δ1.78

Democratic Republic of Congo's former President Joseph Kabila has faced increasing pressure over Rwanda-backed rebels' advances in the east, prompting officials from his party to be questioned by a military prosecutor. Kabila had reached out to opposition politicians and civil society members to discuss the country's political future, amid criticism of Tshisekedi's response to M23's military campaign. The exact reason for the invitations was not clear, but President Felix Tshisekedi has recently accused Kabila of sponsoring the M23 rebels.

Kabila Sparks Fears of Power Struggle Amid Rebellion in Democratic Republic of Congo Δ1.77

The former President's secret talks with opposition politicians and civil society members have raised concerns about the potential for a power struggle in the country. Kabila's harsh criticism of current President Felix Tshisekedi in private has soured their relationship, leaving many wondering about the future of the fragile peace process. As Rwanda-backed rebels seize territory in the east, the stage is set for a potentially explosive confrontation between Kabila and his successors.

East Congo Rebels Abduct At Least 130 Hospital Patients, UN Says Δ1.76

M23 rebels abducting hospital patients is a stark reminder of the devastating humanitarian consequences of armed conflict in east Congo. The Tutsi-led rebel group's ongoing advance into the region has already displaced nearly half a million people and killed over 7,000 since January. As the situation on the ground continues to deteriorate, the international community must consider the long-term implications of supporting or backing groups like M23.

Critical Minerals Take Centre Stage in World Politics Δ1.74

Ukrainian President Volodymyr Zelenskiy is scheduled to meet U.S. President Donald Trump to finalize a deal centered on critical minerals, aiming to secure U.S. support amid the ongoing conflict with Russia. Despite initial perceptions of Ukraine's rich rare earth resources, the country lacks substantial deposits and faces significant challenges in infrastructure and mining capabilities. The evolving geopolitical landscape suggests that critical minerals are becoming vital assets, with nations leveraging them for strategic alliances and military advantages.

South Sudan Detains Oil Minister and Military Officials in Threat to Peace Deal Δ1.74

The detentions of the petroleum minister and senior military officials follow intense fighting in Nasir, a strategic northern town, jeopardizing a peace deal that ended a five-year civil war. South Sudanese forces have deployed troops around Machar's residence, despite his ability to travel to his office on Wednesday morning. The arrests are likely to further destabilize the fragile peace that has maintained a delicate balance among competing armed leaders since 2018.

South Sudan Situation Deteriorating at Alarming Pace, UN Rights Body Says Δ1.73

The United Nations Commission on Human Rights in South Sudan has expressed grave concerns over the escalating violence and political tensions in the country, which threaten to undermine the fragile peace process. Increased arrests of officials allied to Vice President Riek Machar have raised fears about the stability of a 2018 peace deal that ended a devastating civil war. The situation is now witnessing an alarming regression that could erase years of hard-won progress.

Congo Army Desertion Trials Spotlight a Force in Tatters Δ1.73

Congolese soldiers are currently facing trials for severe crimes such as rape and murder, actions taken during their retreat from an advancing rebel force, highlighting both individual and systemic failures within the Armed Forces of the Democratic Republic of the Congo (FARDC). Testimonies reveal a military plagued by poor pay, corruption, and a lack of resources, exacerbating the challenges of maintaining discipline and effectiveness in the face of conflict. With more than 260 soldiers having received death sentences amid growing territorial losses to M23 rebels, the situation underscores the dire need for comprehensive military reform and accountability.

Rwanda Criticizes Canada's Response to Congo Conflict Δ1.72

Rwanda has expressed its strong opposition to Canada's measures aimed at curbing the export of goods and technologies to the country, calling them "shameful" in a statement released on Tuesday. The Canadian government had announced the suspension of permits for controlled exports, as well as the cancellation of bilateral aid and trade missions, in response to Rwanda's alleged support of the M23 rebel group in eastern Democratic Republic of Congo. This move has further isolated Rwanda from major international players, exacerbating the already dire humanitarian situation in the region.

Emerging Markets Rattled on Threats to Trade, Ukraine Deal Δ1.72

Emerging markets are reeling from investor concerns over US President Donald Trump's trade threats and the fading prospect of a Ukraine ceasefire, leading to their biggest drop since August. The turmoil follows Trump's announcement of further tariffs on China, along with plans for levies on imports from Mexico and Canada in the coming week. As tensions between the world's two largest economies continue to escalate, emerging markets are feeling the pinch.

Russia Trying to Gain Foothold in Ukraine's Sumy Region, Border Guard Says Δ1.71

Russian forces are attempting to create an active fighting zone in Ukraine's northeastern region of Sumy, across the border from Russia's Kursk region, amid increased pressure on Ukrainian troops. The situation is part of a broader escalation of tensions between the two nations, with both sides accusing each other of aggression. Ukraine's military has been working to repel Russian attacks and prevent the establishment of a hostile zone.

OPEC's Oil Output Soars Ahead of Planned Revival Δ1.70

OPEC's crude production has reached its highest level in over a year, driven by gains from Iraq, Venezuela, and the United Arab Emirates. The organization is planning to revive its supply cuts, but delegates are considering delaying the restart due to faltering consumption in China and increased output from the US, Guyana, and Canada. As OPEC's production increases, the group's discipline has shown signs of weakening.

Coal's Four-Year Lows Hide a Coming Global Supply Squeeze Δ1.70

Languishing global prices today mask a very different future for the world’s most-consumed source of power, where investment in new production has dwindled due to a lack of investor confidence. Demand continues to rise in emerging markets, particularly in India and China, which could lead to a sharp rebound in internationally traded coal. This shift highlights the increasing importance of coal as a fuel for artificial intelligence and other industries, posing challenges to climate targets.

US Seeks Dominance in Critical Minerals Race Δ1.70

The US government aims to increase domestic production of critical minerals, which are essential for modern technologies such as semiconductors, aerospace, and defense systems. The country's reliance on China for these critical minerals has raised concerns about national security and supply chain vulnerabilities. By developing its own production capabilities, the US hopes to reduce its dependence on foreign sources and enhance its strategic position.

Guinea-Bissau President Threatens to Expel ECOWAS Mission, Bloc Says Δ1.70

Guinea-Bissau's President Umaro Sissoco Embalo threatened to expel a political mission sent to his country by the Economic Community of West Africa States (ECOWAS) in response to a dispute over his presidential term. The dispute has heightened tensions that risk unrest in a nation with a history of military coups, which have undermined its democratic institutions. ECOWAS had deployed a mission from February 21 to 28 to help reach a consensus on how to conduct an election this year.

China to Accelerate Annual Stockpiling of Strategic Commodities Δ1.70

China said on Wednesday it would accelerate the annual stockpiling of strategic fuels, food and other commodities. In a report on Wednesday, China's state planner said it would steadily advance the construction of storage facilities for grain, petroleum and other commodities. The move aims to bolster the country's energy security and food supplies amid rising global tensions.

Gaza Reconstruction Plan Ready, Pushes Efforts for Ceasefire's Second Phase Δ1.70

Egypt's Gaza reconstruction plan is ready and will be presented at an emergency Arab summit in Cairo on Tuesday, ensuring Palestinians remain in their land. Egyptian Foreign Minister Badr Abdelatty said the plan, which has international backing and funding, aims to counter a U.S. proposal that has sparked anger among Palestinians and Arab nations. The fragile ceasefire agreement's first phase has expired, with Israel blocking aid trucks into Gaza as tensions escalate.

Russian Offensive Under Way Against Ukrainian Forces in Kursk Region Δ1.69

A large-scale Russian offensive has been launched against Ukrainian forces in the Kursk region, with war bloggers and a senior Russian commander reporting significant gains for Russian troops. Ukraine's military positions have deteriorated sharply, with troops nearly surrounded by Russian forces. The situation remains precarious, following a pause in U.S. military aid and intelligence sharing as pressure builds on Kyiv to agree to a ceasefire with Moscow.

Lithium Development Faces Security and Financial Challenges Δ1.69

Ukraine's mineral mapping and exploration lagging behind, a small team of ecological consultants drop sensors into holes in the earth to measure water levels. The environmental survey comes years ahead of any mining operations at the undeveloped site, underlining how much work is still to be done before a minerals deal generates significant revenue for either side. Without some form of Western security guarantee, developing the Polokhivske lithium deposit would be tough due to the risks of a return to war even if a ceasefire is agreed with Russia this year.

EU Leaders Prepare ‘Concrete’ Measures on Defense Financing Δ1.69

The European Union is expected to announce "concrete" measures on boosting defense financing this week, as Europe and the U.S. clash over support for Ukraine. The 27 EU leaders will gather in Brussels on Thursday for a meeting dedicated to defense and support for Ukraine, amid rising tensions between Russia and Ukraine. European leaders are trying not to alienate President Donald Trump after he criticized Ukrainian President Zelenskyy for "gambling" over a potential World War III.

World Markets Themes for the Week Ahead Δ1.69

Key players in the financial markets are expected to be influenced by economic indicators and central bank decisions, with a focus on inflation rates and interest rate hikes, potentially leading to volatility in currency markets. Investors are also watching corporate earnings reports from major companies, as well as updates on government policy and regulatory changes. The ongoing conflict in Ukraine is also having an impact on global energy prices.

Barrick Says 'Committed to Reaching a Mutually Beneficial Resolution' In Mali Δ1.69

Barrick Gold has been locked in a dispute with the Malian government over its assets, but remains committed to finding a mutually beneficial solution. The company's operations have been temporarily suspended due to a dispute over a new mining code that gives the state a greater share in Barrick's gold-mining complex. Despite efforts to finalize an agreement, progress has been slow.