Mining

Lobito Corridor: DRC Sends First Copper Shipment to the US

Lobito Corridor: DRC Sends First Copper Shipment to the US
Monday, 26 August 2024 16:07

Given its limited access to the sea, the Democratic Republic of the Congo (DRC) strongly relies on its neighbors, including South Africa and Tanzania, to export its copper. Angola may soon become a new shipping route, due to the slowness when passing through Tanzania and SA.

Last week, the first shipment of Congolese copper left the port of Lobito in Angola for the United States. Trafigura, part of the consortium managing the Lobito rail corridor and port, announced the departure on August 22. The copper cathodes were shipped from Kolwezi and arrived at Lobito six days later, confirming the Lobito corridor as the quickest export route for DRC copper. In contrast, reaching ports in Dar es Salaam, Tanzania, or Durban, South Africa, takes 14 and 25 days, respectively.

Before the recent shipment to the US, the DRC had sent some of its copper to Europe and the Far East, through the Lobito corridor. The European Union and the United States are financially backing the corridor's development to challenge China's dominance in copper supplies from the Central African Copperbelt, which mainly includes the DRC and Zambia. There are also plans to extend the Lobito corridor into Zambia.

On the same topic
Libya’s NOC plans to raise refining capacity to 660,000 bpd Upgrades and new refineries aim to cut costly fuel imports Plan supports broader...
Senegal agencies sign partnership to pilot photovoltaic recycling project Project includes testing lab, recycling unit, training for solar...
PIDG backs Sanivation’s Naivasha facility through equity and technical support. Expansion will boost waste treatment and fuel briquette production by...
Investment targets Blanket mine, Bilboes development, and Motapa exploration. Bilboes construction accounts for $132 million of planned...
Most Read
01

Development Partners International sold its 20.17% stake in Atlantic Business International for mo...

DPI Exits Atlantic Business International in $200 Million-Plus Deal
02

Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational i...

Africa’s Artificial Intelligence Moment : Infrastructure, Governance and the Path to Scale
03

Africa’s energy & mining exports benefit from US tariff exemptions, cushioning trade as most other...

Africa’s Energy Boom in 2026 Puts AfCFTA at the Heart of Its Trade Response to US Tariffs
04

Ivory Coast expects a new government after the prime minister and cabinet resigned following Decem...

Ivory Coast Awaits New Cabinet After Post-Election Resignations
05

African startups raised about $3.1 billion in 2025, up from $2.2 billion in 2024, accord...

Venture Capital: African Startups Raised $3.1 Billion in 2025, Launch Base Africa Says
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.