The first US shipment of copper from mines in the Democratic Republic in Congo to be transported by the Lobito Atlantic Railway has loaded.
A cargo of copper cathodes is headed to Baltimore after arriving by train at the port of Lobito in Angola on Aug. 19, Trafigura Group, which is part of a consortium with a concession for the line, said in a statement. The six-day rail journey demonstrated “the time efficient western route to market that is now available for minerals and metals produced in the Congolese Copperbelt,” the trader said.
The Lobito corridor is seen as a key export route from mines in Congo and Zambia for minerals critical to the energy transition, including copper and cobalt.
The US-bound cargo was loaded onto the MSC SAMU container vessel, following a number of shipments of copper to ports in Europe and the Far East since the Lobito Atlantic Railway took over the concession in January.
Also Read: DP World, British to Build Congo’s First $35 Million Deep Sea Port
DRC Copper Export Value
During the last five reported years the exports of Democratic Republic of the Congo have changed by $15.2B from $13.3B in 2017 to $28.5B in 2022.
The most recent exports are led by Refined Copper ($16.3B), Cobalt ($5.99B), Copper Ore ($1.55B), Raw Copper ($1.37B), and Crude Petroleum ($916M).
At the same year, Refined Copper was the 1st most exported product in the DRC. The main destination of Refined Copper exports from DRC are: China ($6.72B), Tanzania ($1.17B), Singapore ($1.1B), Hong Kong ($1.06B), and United Arab Emirates ($1.02B).
The fastest growing export markets for Refined Copper of DRC between 2021 and 2022 were China ($865M), Hong Kong ($473M), and Mozambique ($454M).
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