Copper: $9,245/t ▲ +2.1% | Cobalt: $24,800/t ▼ -1.3% | Lithium: $10,200/t ▲ +0.8% | Railway Progress: 67% ▲ +3pp Q4 | Corridor FDI: $14.2B ▲ +28% YoY | Angola GDP: 4.4% ▲ +3.2pp vs 2023 (2024) | DRC GDP: 6.1% ▼ -2.4pp vs 2023 (2024) | Zambia GDP: 3.8% ▼ -1.5pp vs 2023 (2024) | Copper: $9,245/t ▲ +2.1% | Cobalt: $24,800/t ▼ -1.3% | Lithium: $10,200/t ▲ +0.8% | Railway Progress: 67% ▲ +3pp Q4 | Corridor FDI: $14.2B ▲ +28% YoY | Angola GDP: 4.4% ▲ +3.2pp vs 2023 (2024) | DRC GDP: 6.1% ▼ -2.4pp vs 2023 (2024) | Zambia GDP: 3.8% ▼ -1.5pp vs 2023 (2024) |

Deal Tracker

Comprehensive tracker of Lobito Corridor investment, deals, financing commitments, mobilisation figures, and pipeline items: $6B+ across DFC, EU Global Gateway, AfDB, World Bank, and private sector.

Deal Tracker · Database

Lobito Corridor Deal Tracker

Every investment, financing commitment, mobilisation figure, pipeline item, and commercial deal tracked, analysed, and independently assessed. The definitive record of $6B+ in corridor capital.

20
Deals Tracked
$6B+
Status-Mixed Capital
3
Countries
12+
Investors
Total Tracked Corridor Investment
$6,000,000,000+
Across DFIs, bilateral agencies, multilateral institutions, and private sector commitments

DFI & Sovereign Financing

USA · DFI

US DFC Corridor Finance Watch

$553,000,000
Signed LAR loan plus pipeline items · 2024–26
Status tracker separating the signed DFC rail loan from wider U.S. agency mobilisation and non-binding pipeline items.
Signed + Pipeline
USA · DFI

US DFC Initial Railway Financing

$553,000,000
Benguela Railway · 2024–25
DFC loan for Benguela Railway and Lobito mineral-port rehabilitation, announced in 2024 and signed in 2025.
Active
EU · Multilateral

EU Global Gateway

€2,000,000,000
Multi-sector · 2024–30
European Union corridor package through EIB and bilateral agencies — rail, road, energy, digital.
Active
International · DFI

World Bank DRC Rail Request

$500,000,000
Dilolo–Kolwezi Railway · 2025
DRC government request for Dilolo-Kolwezi railway rehabilitation — the corridor's DRC segment.
Pending
Pan-African · DFI

AFC Zambia Extension

$500,000,000+
Greenfield railway · Zambia
Africa Finance Corporation lead developer mandate for the Zambia rail extension — the corridor's most ambitious segment.
Development
Pan-African · DFI

AfDB Corridor Support

Concessional Package
Multi-country · 2024–28
African Development Bank concessional financing and technical assistance for corridor development.
Active
South Africa · DFI

DBSA Co-Financing

$200,000,000
Railway co-financing · 2024
Development Bank of Southern Africa co-financing — African institutional validation of the corridor.
Active
World Bank Group

MIGA Political Risk Insurance

Guarantee Coverage
Multi-country · 2024–25
Political risk insurance protecting corridor investors against expropriation, currency, and conflict risks.
Active
USA · Technical

USTDA ESIA Grant

$2,000,000
Environmental study · Zambia
ESIA funding for Zambia extension — the study that unlocks DFI financing for greenfield rail.
Active

Bilateral & Strategic Frameworks

Mining Expansions & Private Sector

DRC · Mining

Ivanhoe Phase 3 Kamoa Expansion

600,000+ T/Year
Kamoa-Kakula · Copper
Expansion to 600,000+ tonnes — making Kamoa-Kakula the corridor's anchor mine and world's second-largest copper operation.
Active
Zambia · Mining

Barrick Lumwana Super Pit

240,000+ T/Year
Lumwana · Copper
Major open-pit expansion transforming Lumwana into a top-tier copper producer — anchor demand for Zambia extension.
Feasibility
Zambia · Mining

FQM Kansanshi S3 Expansion

Major Expansion
Kansanshi · Copper-Gold
New smelter and increased throughput at Zambia's largest mine — First Quantum doubling down on the copperbelt.
Construction
Zambia · Discovery

KoBold Metals Mingomba

Anchor Discovery
AI copper discovery · Bill Gates-backed
AI-driven copper discovery potentially rivalling the world's largest deposits — the game-changer for Zambia extension economics.
Exploration
DRC / Angola · Processing

Kobaloni Battery Facility

$100,000,000
Battery materials processing
Battery-grade cobalt and copper processing — capturing value-chain revenue before export through the corridor.
Development
Angola · Mining

Pensana Longonjo Rare Earths

Strategic Rare Earths
NdPr rare earths · Angola
Non-Chinese rare earth source adjacent to Benguela Railway — strategic diversification for EV permanent magnets.
Development
DRC · Milestone

EGC First Artisanal Cobalt Shipment

Landmark Shipment
February 2026 · Artisanal cobalt
First artisanal cobalt export through the corridor — proving the concept for formalised mining supply chains.
Milestone

Methodology: The Deal Tracker includes publicly announced investments, financing commitments, and commercial transactions exceeding $1 million connected to Lobito Corridor infrastructure, logistics, or mineral supply chains. Deal values reflect announced commitments which may differ from actual disbursements. Status assessments reflect our independent analysis of publicly available information. This tracker does not constitute investment advice.

Data sources: Official government announcements, DFI press releases, company filings, verified media reporting. Independently produced by Lobito Corridor. Last updated: May 19, 2026.

Related databases: Mine Profiles · Company Profiles · Mineral Profiles · Infrastructure Profiles · Community Profiles

Where This Fits

This page belongs to the Lobito Corridor institutional research graph. Use the links below to verify route context, financing, mineral exposure, and strategic relevance before treating this page as a standalone source.

Evidence Base

This page is maintained against public institutional sources, official corridor materials, development-finance records, mineral-market datasets, and documented source review.

Primary Institutional Sources

Review Standard

Figures, timelines, ownership claims, policy references, financing terms, and operational status should be checked against primary records, official disclosures, operator materials, public filings, or recognized datasets before reuse.

AFC Zambia Extension Project Development — Deal Tracker

Analysis of the Africa Finance Corporation

Last updated May 21, 2026

AfDB Corridor Support Package — Deal Tracker

Analysis of the African Development Bank

Last updated May 21, 2026

Angola Road and Bridge Upgrade EUR 381.5M Package

Analysis of the EUR 381.5 million Angola road and bridge package linked to Lobito Corridor connectivity, including AFC's disclosed EUR 85 million sovereign facility and EUR 75 million disbursement.

Last updated May 21, 2026

Barrick Lumwana Super Pit Expansion

Analysis of Barrick Gold

Last updated May 19, 2026

China TAZARA Rehabilitation $1.4B

Analysis of China

Last updated May 19, 2026

DBSA $200M Co-Financing

Analysis of the Development Bank of Southern Africa

Last updated May 21, 2026

EGC First Artisanal Cobalt Shipment February 2026

Analysis of the first artisanal cobalt shipment through the Lobito Corridor by Entreprise Générale du Cobalt in February 2026 — a landmark for responsible artisanal supply chains.

Last updated May 19, 2026

EU Global Gateway EUR 2B Commitment

Analysis of the European Union

Last updated May 21, 2026

First Quantum Kansanshi S3 Expansion

Analysis of First Quantum Minerals

Last updated May 19, 2026

Ivanhoe Phase 3 Kamoa-Kakula Expansion

Analysis of Ivanhoe Mines

Last updated May 19, 2026

Kobaloni Battery Facility $100M

Analysis of the $100 million Kobaloni battery materials processing facility linked to the Lobito Corridor — adding value to African minerals before export.

Last updated May 19, 2026

KoBold Metals Mingomba Investment

Analysis of KoBold Metals

Last updated May 19, 2026

LAR 30-Year Railway Concession (2022)

Analysis of the 30-year Benguela Railway concession awarded to the Lobito Atlantic Railway consortium — Trafigura, Mota-Engil, and Vecturis — the foundational deal of the modern Lobito Corridor.

Last updated May 19, 2026

MIGA Political Risk Insurance

Analysis of MIGA political risk insurance coverage for Lobito Corridor investments, protecting investors against expropriation, currency inconvertibility, and political violence.

Last updated May 21, 2026

Pensana Longonjo Rare Earths Angola

Analysis of Pensana

Last updated May 19, 2026

US DFC $553M Railway Financing

Analysis of the US Development Finance Corporation

Last updated May 21, 2026

US DFC Lobito Corridor Finance Watch (2024–26)

Status-based analysis of US DFC signed, approved, and pipeline finance tied to the Lobito Corridor.

Last updated May 21, 2026

US-DRC Strategic Partnership December 2025

Analysis of the December 2025 US-DRC bilateral strategic partnership targeting 50% of DRC copper exports via the Lobito Corridor and strengthened critical minerals cooperation.

Last updated May 19, 2026

USTDA $2M ESIA Grant Zambia Extension

Analysis of the US Trade and Development Agency

Last updated May 19, 2026
Last updated May 21, 2026