IBOV 171,990 ▲ 0.87% IPC MEX 67,416 ▲ 1.72% MERVAL 3,096,068 ▼ 0.46% COLCAP 2,261.53 ▼ 0.42% BVL PERÚ 55,499.07 ▲ 1.21% USD/BRL5.18▲ 0.08% USD/COP3,432▼ 0.31% USD/ARS1,477▼ 0.15% USD/UYU40.13▲ 1.17% USD/PYG6,088▲ 1.58% USD/BOB6.86▲ 1.44% USD/DOP58.37▲ 0.80% USD/CRC451.66▲ 2.13% USD/HNL26.69▲ 1.22% USD/NIO36.62▲ 0.31% USD/VES620.66▲ 5.79% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD155.98▼ 0.10% USD/TTD6.73▲ 0.94% EUR/BRL5.91▼ 0.01% BRENT 73.16 ▼ 2.79% WTI 69.74 ▼ 3.03% COPPER 6.18 ▲ 1.75% GOLD 4,069 ▲ 0.95% SILVER 58.79 ▲ 0.75% SOY 1,150 ▲ 2.00% CORN 442.25 ▲ 6.63% WHEAT 591.25 ▲ 0.04% COFFEE 273.95 ▼ 5.14% SUGAR 14.32 ▲ 5.68% ORANGE JUICE 141.85 ▲ 1.98% COTTON 75.87 ▲ 3.37% BEEF 247.23 ▼ 3.43% CATTLE 373.03 ▲ 0.03% LITHIUM 78.45 ▼ 0.58% ITUB4 41.70 ▲ 1.78% BBDC4 17.62 ▼ 0.17% ABEV3 16.39 ▲ 0.06% BBAS3 20.05 ▲ 1.62% B3SA3 14.61 ▼ 2.79% WEGE3 46.50 ▼ 0.24% PRIO3 53.94 ▼ 0.30% SUZB3 42.00 ▼ 0.47% RENT3 42.35 ▲ 1.41% AZZA3 19.80 ▲ 2.54% PCAR3 2.26 ▲ 7.11% GMAT3 3.83 ▲ 0.26% PSSA3 52.60 ▲ 0.42% CVCB3 1.42 — 0.00% POSI3 3.93 ▼ 0.25% SLCE3 13.30 ▼ 0.52% NATU3 7.82 ▲ 0.13% BRKM5 6.82 ▼ 10.50% RANI3 7.77 ▼ 0.26% CSNA3 4.82 ▼ 4.74% CMIN3 4.24 ▼ 0.70% USIM5 8.50 ▼ 2.07% GGBR4 21.44 ▲ 0.28% ENEV3 26.12 ▲ 0.69% NEOE3 33.80 — 0.00% CMIG4 10.79 ▲ 0.65% EQTL3 39.05 ▲ 2.76% LREN3 14.52 ▲ 0.14% VIVT3 34.57 ▲ 0.93% RAIL3 13.45 ▲ 3.62% KLABIN 17.05 ▲ 1.19% RDOR3 34.55 ▲ 1.32% FLRY3 15.45 ▲ 1.91% UGPA3 25.25 ▼ 0.28% VBBR3 29.17 ▲ 0.21% BBSE3 38.87 ▲ 0.49% BPAC11 54.30 ▲ 1.19% CURY3 34.71 ▼ 0.72% VIVARA 23.08 ▲ 1.90% COMPASS 25.54 ▲ 2.57% SANB11 26.20 ▼ 0.68% ASAI3 8.61 ▲ 4.11% WALMEX 51.12 ▼ 0.76% GMEXICO 202.99 ▲ 2.97% TELEVISA 9.61 ▼ 1.33% AMX 23.05 ▲ 0.66% GAP 444.19 ▲ 2.34% ASUR 309.61 ▲ 2.41% OMA 243.69 ▲ 3.06% KOF 185.20 ▲ 0.77% KIMBER 38.24 ▲ 2.63% SQM-B 67,050 ▼ 3.53% COPEC 5,802 ▼ 0.48% BSANTANDER 73.50 ▲ 2.07% CENCOSUD 2,123 ▲ 0.57% CMPC 1,040 ▲ 0.42% BANCO CHILE 177.61 ▲ 1.48% GGAL 7,605 ▼ 0.26% PAMPA 4,933 ▼ 0.70% ALUAR 990.00 ▼ 3.60% TGS 9,120 ▼ 0.11% CEPU 2,223 ▲ 0.77% MIRGOR 16,050 ▼ 0.16% COME 41.02 ▼ 2.38% LOMA NEGRA 3,560 ▼ 0.49% BYMA 300.00 ▼ 2.60% TELECOM ARG 3,950 ▼ 0.06% BANCOLOMBIA 78.89 ▼ 0.49% CREDICORP 380.41 ▲ 1.04% BUENAVENTURA 30.71 ▲ 3.23% MERCADOLIBRE 1,619 ▼ 2.43% NUBANK 12.46 — 0.00% STONE 10.79 ▼ 0.28% GAP AIRPORT 252.64 ▲ 2.87% ASUR 309.61 ▲ 2.41% FEMSA ADR 125.37 ▲ 1.86% CEMEX ADR 12.38 ▲ 3.00% PETROBRAS ADR 16.52 ▲ 0.43% ITAU ADR 8.03 ▲ 1.90% SANTANDER BR 5.16 ▲ 0.39% LATAM ADR 56.90 ▼ 0.26% ETH 1,545 ▼ 1.29% BNB 563.44 ▲ 0.65% ADA 0.14 ▲ 0.05% AVAX 6.13 ▼ 1.48% DOT 0.83 ▼ 1.63% LTC 40.91 ▲ 0.14% BCH 193.55 ▲ 0.48% SELIC 14.25% USD/MXN17.51▲ 0.02% USD/CLP920.11▼ 0.14% USD/PEN3.41▼ 0.39% USD/GTQ7.62▲ 2.07% PETR4 38.45 ▲ 0.42% VALE3 78.66 ▲ 1.20% CSAN3 3.71 ▲ 0.27% RAIZ4 0.42 — 0.00% CPFE3 45.12 ▲ 1.69% EMBRAER 81.10 ▲ 1.40% EMBRAER ADR 62.80 ▲ 1.83% JBS 12.03 ▼ 1.31% JBS BDR 62.13 ▼ 2.14% MBRF3 16.65 ▲ 3.16% MBRFY 3.13 ▲ 2.62% RAIA DROGASIL 17.20 ▲ 0.70% HAPV3 10.12 ▼ 0.49% SMTO3 14.71 ▼ 0.07% AERI3 2.07 ▲ 0.49% PAGSEGURO 8.74 ▼ 0.34% TECNOGLASS 44.07 ▼ 2.74% INTER 5.24 ▼ 0.76% VAMOS 2.82 ▲ 1.81% SBSP3 28.90 ▲ 1.51% FEMSA 219.34 ▲ 1.18% CEMEX 21.68 ▲ 2.80% GFNORTE 185.97 ▲ 2.02% BIMBO 56.38 ▲ 2.12% GRUMA 282.99 ▲ 0.50% FALABELLA 5,890 ▲ 5.94% ENELAM 81.51 ▼ 0.31% LATAM AIR 26.12 ▲ 0.04% YPF 70,750 ▼ 0.07% TXAR 675.00 ▲ 1.28% ECOPETROL 14.45 ▼ 0.96% GRUPO AVAL 5.10 ▼ 1.35% SOUTHERN COPPER 174.73 ▲ 1.68% XP 15.78 ▲ 1.41% GLOBANT 27.73 ▼ 4.77% OMA AIRPORT 112.01 ▲ 4.05% AMX ADR 26.30 ▲ 1.19% VALE ADR 15.12 ▲ 1.89% AMBEV ADR 3.14 ▲ 0.32% CSN 0.96 ▼ 2.48% GERDAU 4.14 ▲ 1.22% BTC 59,377 ▼ 0.58% SOL 68.57 ▲ 1.47% XRP 1.02 ▼ 1.63% DOGE 0.07 ▼ 1.63% LINK 7.15 ▼ 1.09% TRX 0.32 ▼ 0.50% XLM 0.17 ▼ 2.37% HBAR 0.07 ▼ 0.78% NEAR 1.79 ▼ 2.25% ATOM 1.60 ▼ 0.41% AAVE 85.68 ▲ 4.17% IPSA 10,706 ▲ 0.29% EGX 51,443 ▼ 0.52% USD/ZAR16.46▼ 0.25% USD/NGN 1,379 — 0.00% NIKKEI 69,361 ▼ 4.15% CSI300 4,868 ▼ 3.03% HSI 22,672 ▼ 1.76% NIFTY 24,056 ▲ 0.14% KOSPI 8,411 ▼ 5.81% JCI 5,896 ▼ 1.72% USD/JPY161.63▼ 0.10% USD/CNY 6.7889 — 0.00% DAX 24,707 ▼ 1.15% CAC 8,375 ▼ 0.67% FTSE 10,448 ▼ 0.78% MIB 51,207 ▼ 0.84% IBEX 19,446 ▼ 0.34% STOXX 634.48 ▼ 0.90% EUR/USD1.14▲ 0.30% GBP/USD1.32▲ 0.39% SPX 7,357 ▼ 0.01% DJI 51,921 ▲ 0.14% NDX 29,440 ▲ 0.75% RUT 3,008 ▲ 0.71% TSX 34,850 ▲ 0.33% VIX 20.00 ▲ 7.35% USD/CAD1.42▼ 0.15% US10Y 4.3920 ▼ 0.23% IBOV 171,990 ▲ 0.87% IPC MEX 67,416 ▲ 1.72% MERVAL 3,096,068 ▼ 0.46% COLCAP 2,261.53 ▼ 0.42% BVL PERÚ 55,499.07 ▲ 1.21% USD/BRL 5.18 ▲ 0.08% USD/COP 3,432 ▼ 0.31% USD/ARS 1,477 ▼ 0.15% USD/UYU 40.13 ▲ 1.17% USD/PYG 6,088 ▲ 1.58% USD/BOB 6.86 ▲ 1.44% USD/DOP 58.37 ▲ 0.80% USD/CRC 451.66 ▲ 2.13% USD/HNL 26.69 ▲ 1.22% USD/NIO 36.62 ▲ 0.31% USD/VES 620.66 ▲ 5.79% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 155.98 ▲ 0.05% USD/TTD 6.73 ▲ 1.30% EUR/BRL 5.91 ▼ 0.01% BRENT 73.16 ▼ 2.79% WTI 69.74 ▼ 3.03% COPPER 6.18 ▲ 1.75% GOLD 4,069 ▲ 0.95% SILVER 58.79 ▲ 0.75% SOY 1,150 ▲ 2.00% CORN 442.25 ▲ 6.63% WHEAT 591.25 ▲ 0.04% COFFEE 273.95 ▼ 5.14% SUGAR 14.32 ▲ 5.68% ORANGE JUICE 141.85 ▲ 1.98% COTTON 75.87 ▲ 3.37% BEEF 247.23 ▼ 3.43% CATTLE 373.03 ▲ 0.03% LITHIUM 78.45 ▼ 0.58% ITUB4 41.70 ▲ 1.78% BBDC4 17.62 ▼ 0.17% ABEV3 16.39 ▲ 0.06% BBAS3 20.05 ▲ 1.62% B3SA3 14.61 ▼ 2.79% WEGE3 46.50 ▼ 0.24% PRIO3 53.94 ▼ 0.30% SUZB3 42.00 ▼ 0.47% RENT3 42.35 ▲ 1.41% AZZA3 19.80 ▲ 2.54% PCAR3 2.26 ▲ 7.11% GMAT3 3.83 ▲ 0.26% PSSA3 52.60 ▲ 0.42% CVCB3 1.42 — 0.00% POSI3 3.93 ▼ 0.25% SLCE3 13.30 ▼ 0.52% NATU3 7.82 ▲ 0.13% BRKM5 6.82 ▼ 10.50% RANI3 7.77 ▼ 0.26% CSNA3 4.82 ▼ 4.74% CMIN3 4.24 ▼ 0.70% USIM5 8.50 ▼ 2.07% GGBR4 21.44 ▲ 0.28% ENEV3 26.12 ▲ 0.69% NEOE3 33.80 — 0.00% CMIG4 10.79 ▲ 0.65% EQTL3 39.05 ▲ 2.76% LREN3 14.52 ▲ 0.14% VIVT3 34.57 ▲ 0.93% RAIL3 13.45 ▲ 3.62% KLABIN 17.05 ▲ 1.19% RDOR3 34.55 ▲ 1.32% FLRY3 15.45 ▲ 1.91% UGPA3 25.25 ▼ 0.28% VBBR3 29.17 ▲ 0.21% BBSE3 38.87 ▲ 0.49% BPAC11 54.30 ▲ 1.19% CURY3 34.71 ▼ 0.72% VIVARA 23.08 ▲ 1.90% COMPASS 25.54 ▲ 2.57% SANB11 26.20 ▼ 0.68% ASAI3 8.61 ▲ 4.11% WALMEX 51.12 ▼ 0.76% GMEXICO 202.99 ▲ 2.97% TELEVISA 9.61 ▼ 1.33% AMX 23.05 ▲ 0.66% GAP 444.19 ▲ 2.34% ASUR 309.61 ▲ 2.41% OMA 243.69 ▲ 3.06% KOF 185.20 ▲ 0.77% KIMBER 38.24 ▲ 2.63% SQM-B 67,050 ▼ 3.53% COPEC 5,802 ▼ 0.48% BSANTANDER 73.50 ▲ 2.07% CENCOSUD 2,123 ▲ 0.57% CMPC 1,040 ▲ 0.42% BANCO CHILE 177.61 ▲ 1.48% GGAL 7,605 ▼ 0.26% PAMPA 4,933 ▼ 0.70% ALUAR 990.00 ▼ 3.60% TGS 9,120 ▼ 0.11% CEPU 2,223 ▲ 0.77% MIRGOR 16,050 ▼ 0.16% COME 41.02 ▼ 2.38% LOMA NEGRA 3,560 ▼ 0.49% BYMA 300.00 ▼ 2.60% TELECOM ARG 3,950 ▼ 0.06% BANCOLOMBIA 78.89 ▼ 0.49% CREDICORP 380.41 ▲ 1.04% BUENAVENTURA 30.71 ▲ 3.23% MERCADOLIBRE 1,619 ▼ 2.43% NUBANK 12.46 — 0.00% STONE 10.79 ▼ 0.28% GAP AIRPORT 252.64 ▲ 2.87% ASUR 309.61 ▲ 2.41% FEMSA ADR 125.37 ▲ 1.86% CEMEX ADR 12.38 ▲ 3.00% PETROBRAS ADR 16.52 ▲ 0.43% ITAU ADR 8.03 ▲ 1.90% SANTANDER BR 5.16 ▲ 0.39% LATAM ADR 56.90 ▼ 0.26% ETH 1,545 ▼ 1.29% BNB 563.44 ▲ 0.65% ADA 0.14 ▲ 0.05% AVAX 6.13 ▼ 1.48% DOT 0.83 ▼ 1.63% LTC 40.91 ▲ 0.14% BCH 193.55 ▲ 0.48% SELIC 14.25% USD/MXN 17.51 ▲ 0.02% USD/CLP 920.11 ▼ 0.14% USD/PEN 3.41 ▼ 0.39% USD/GTQ 7.62 ▲ 2.07% PETR4 38.45 ▲ 0.42% VALE3 78.66 ▲ 1.20% CSAN3 3.71 ▲ 0.27% RAIZ4 0.42 — 0.00% CPFE3 45.12 ▲ 1.69% EMBRAER 81.10 ▲ 1.40% EMBRAER ADR 62.80 ▲ 1.83% JBS 12.03 ▼ 1.31% JBS BDR 62.13 ▼ 2.14% MBRF3 16.65 ▲ 3.16% MBRFY 3.13 ▲ 2.62% RAIA DROGASIL 17.20 ▲ 0.70% HAPV3 10.12 ▼ 0.49% SMTO3 14.71 ▼ 0.07% AERI3 2.07 ▲ 0.49% PAGSEGURO 8.74 ▼ 0.34% TECNOGLASS 44.07 ▼ 2.74% INTER 5.24 ▼ 0.76% VAMOS 2.82 ▲ 1.81% SBSP3 28.90 ▲ 1.51% FEMSA 219.34 ▲ 1.18% CEMEX 21.68 ▲ 2.80% GFNORTE 185.97 ▲ 2.02% BIMBO 56.38 ▲ 2.12% GRUMA 282.99 ▲ 0.50% FALABELLA 5,890 ▲ 5.94% ENELAM 81.51 ▼ 0.31% LATAM AIR 26.12 ▲ 0.04% YPF 70,750 ▼ 0.07% TXAR 675.00 ▲ 1.28% ECOPETROL 14.45 ▼ 0.96% GRUPO AVAL 5.10 ▼ 1.35% SOUTHERN COPPER 174.73 ▲ 1.68% XP 15.78 ▲ 1.41% GLOBANT 27.73 ▼ 4.77% OMA AIRPORT 112.01 ▲ 4.05% AMX ADR 26.30 ▲ 1.19% VALE ADR 15.12 ▲ 1.89% AMBEV ADR 3.14 ▲ 0.32% CSN 0.96 ▼ 2.48% GERDAU 4.14 ▲ 1.22% BTC 59,377 ▼ 0.58% SOL 68.57 ▲ 1.47% XRP 1.02 ▼ 1.63% DOGE 0.07 ▼ 1.63% LINK 7.15 ▼ 1.09% TRX 0.32 ▼ 0.50% XLM 0.17 ▼ 2.37% HBAR 0.07 ▼ 0.78% NEAR 1.79 ▼ 2.25% ATOM 1.60 ▼ 0.41% AAVE 85.68 ▲ 4.17% IPSA 10,706 ▲ 0.29% EGX 51,443 ▼ 0.52% USD/ZAR 16.45 ▼ 0.19% USD/NGN 1,379 — 0.00% NIKKEI 69,361 ▼ 4.15% CSI300 4,868 ▼ 3.03% HSI 22,672 ▼ 1.76% NIFTY 24,056 ▲ 0.14% KOSPI 8,411 ▼ 5.81% JCI 5,896 ▼ 1.72% USD/JPY 161.61 ▼ 0.10% USD/CNY 6.7889 — 0.00% DAX 24,707 ▼ 1.15% CAC 8,375 ▼ 0.67% FTSE 10,448 ▼ 0.78% MIB 51,207 ▼ 0.84% IBEX 19,446 ▼ 0.34% STOXX 634.48 ▼ 0.90% EUR/USD 1.1408 ▲ 0.27% GBP/USD 1.3219 ▲ 0.17% SPX 7,357 ▼ 0.01% DJI 51,921 ▲ 0.14% NDX 29,440 ▲ 0.75% RUT 3,008 ▲ 0.71% TSX 34,850 ▲ 0.33% VIX 20.00 ▲ 7.35% USD/CAD 1.4180 ▼ 0.07% US10Y 4.3920 ▼ 0.23%
since 2009
Friday, June 26, 2026

Zambia Bets on a Western Railway to Ship Its Copper to the Sea

By · June 26, 2026 · 5 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

ZAMBIA · MINERALS & MARKETS

Key Facts

New route west: The Zambia Lobito copper railway would link the Copperbelt to Angola’s Atlantic port of Lobito.

Timeline: Zambia aims to start building its section by the third quarter of 2026, with operations expected by 2027 to 2028.

Western money: An Africa Finance Corporation facility of 753 million dollars and a US pledge of 250 million are funding the corridor.

Grant widened: On 18 June 2026 the US agreed to expand a 491-million-dollar grant toward critical-minerals infrastructure feeding the route.

Metals at stake: The line is built to carry copper and cobalt, both central to the energy transition.

Hedging east: Zambia is also reviving the China-backed TAZARA line to the Indian Ocean, keeping both routes open.

The Zambia Lobito copper railway is the country’s plan to ship Copperbelt metal west to Angola’s coast, a Western-financed route that aims to loosen China’s grip on the minerals of the energy transition.

Zambia Lobito copper railway, the Nkana mine on the Copperbelt
A mine headframe on Zambia’s Copperbelt, source of the copper bound for the Lobito railway. (Photo: Per Arne Wilson, CC BY-SA 3.0, via Wikimedia Commons)
RT
Ask Rio Times
Latin American markets, currencies and companies.
Open the full Ask Rio Times →

Why the Zambia Lobito copper railway matters

The Zambia Lobito copper railway is the country’s bid to fix an old problem: its copper is landlocked and slow to reach the sea. The new line would run west, from the Copperbelt to Angola’s port of Lobito.

Copper is Zambia’s lifeblood, its biggest export and the anchor of government revenue. Getting it to market faster and more cheaply is close to a national priority.

Zambia aims to start building its section by the third quarter of 2026, according to officials cited by Zambian transport media. Financial close is targeted for early 2027, with first operations between 2027 and 2028.

How the corridor works

The Lobito Corridor is built around the old Benguela Railway, which links the Atlantic port of Lobito to the mineral-rich interior. It is designed to carry copper and cobalt from Zambia and the Democratic Republic of Congo.

The Democratic Republic of Congo, Zambia’s northern neighbour, shares the route and the same export problem. Together the two hold some of the world’s richest copper and cobalt reserves.

For Zambia, the appeal is distance. Shipping west through Lobito is far shorter than the long haul east to ports on the Indian Ocean.

The old Benguela line fell into disrepair during Angola’s long civil war and has only recently been rebuilt. Its revival is itself a marker of the region’s return to stability.

Who is paying

Unusually for a major African railway, the money is coming mainly from the West. The Africa Finance Corporation has arranged a 753-million-dollar facility for the Angolan section.

That package includes 553 million dollars from the US International Development Finance Corporation and 200 million from the Development Bank of Southern Africa. Washington has separately pledged 250 million dollars for the corridor.

The funding mix is a statement of intent. Western development banks are putting public money into a project meant to keep African metal flowing their way.

A grant quietly repurposed

The American commitment deepened this month. On 18 June 2026 in Lusaka, the US Millennium Challenge Corporation agreed to widen a 491-million-dollar grant to support critical-minerals infrastructure.

Part of the money will now fund priority roads in the North-Western and Copperbelt provinces that feed the Lobito route, according to africa.com. It is a sign of how far Washington will go to secure the metals.

The contest behind the tracks

The corridor is more than a logistics project. It is the West’s answer to China’s long dominance of African copper and cobalt, and to Beijing’s parallel revival of the eastern TAZARA line to the Indian Ocean.

For Washington, the route is about supply security rather than charity. The metals it would carry feed electric vehicles, power grids and weapons systems.

Zambia, sensibly, is hedging. It wants both routes open, playing the great powers against each other to win the best terms for its copper.

What it means for Zambia’s economy

If the line works, it could lower the transport costs that have long eaten into mining profits. Cheaper logistics would make new mines viable and lift the value of existing ones.

The government hopes that translates into investment, jobs and revenue. It is betting that better infrastructure, not just higher prices, is the way to grow.

Mining already accounts for the bulk of Zambia’s export earnings. A cheaper route to port would amplify the value of every tonne it sells.

The risks on the line

Big African railways have a history of delay, cost overruns and stalled financing. The Lobito project must avoid the traps that sank earlier schemes.

There is political risk too, spread across three countries with different priorities. A change of government in any of them could slow the work.

What to watch

The test now is delivery. Financing must close, ground must be broken, and the first trains must actually run on schedule.

For an outside reader, the corridor is a useful gauge of the wider scramble. Whoever builds the railways will help decide who controls the metals of the energy transition.

Frequently asked questions

What is the Zambia Lobito copper railway?

It is a planned rail link from Zambia’s Copperbelt to Angola’s Atlantic port of Lobito, giving Zambian copper a shorter western route to global markets.

When will construction start?

Zambia aims to begin work on its section by the third quarter of 2026, with financial close targeted for early 2027 and operations expected between 2027 and 2028.

Who is paying for the Lobito Corridor?

Western lenders are leading the funding, including a 753-million-dollar facility arranged by the Africa Finance Corporation and a US pledge of 250 million dollars for the corridor.

Why does the route matter to the West?

It offers an alternative to China-controlled supply chains for copper and cobalt, two metals central to the energy transition.

Connected Coverage

The Zambian line extends a corridor we covered when Congo’s copper returned to the reopened Lobito railway, part of the rivalry mapped in Africa: The New Scramble and the value-addition drive behind Mozambique’s battery-grade graphite.

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.