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
Buenassa has submitted a $1.5bn bid to acquire Chemaf as part of a $3.5bn industrial plan The roadmap includes completion of Chemaf’s...
Two aging gas turbines commissioned in 1977 are being replaced at Port-Gentil Installed capacity is expected to rise to 40–50 MW from 25–30...
Extreme heat and dust reduce solar panel efficiency by 15% to more than 60% across sub-Saharan Africa. Module surface temperatures often exceed...
Saint-Louis faces disruptions in 6 kg butane cylinder supply due to the absence of local storage and distribution infrastructure. Delivery delays...
Most Read
01

African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...

African Startup M&A Hits Record 67 Deals in 2025, Led by Fintech
02

Moniepoint, Opay, Kuda, and others gain national status with tighter oversight A naira 5 billion ...

Nigeria’s central bank upgrades fintech licenses amid rapid digital growth
03

Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...

Global Firepower Index 2026: Egypt, Algeria, Nigeria Lead Africa's Military Rankings
04

Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...

Crypto Sovereignty Was CAR’s Goal. A Report Says Crime Risks Took Hold Instead
05

StartupBlink ranked 25 African countries in its global innovators index, with 13 in the top 100. ...

South Africa, Kenya Lead Africa’s Startup Ecosystems as Ivory Coast Gains Ground
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.