Data: SHFE, DCE market movement (Mar 02)

According to Bloomberg, flooding caused a key bridge south of the Zambian border to collapse, severing the Democratic Republic of Congo’s main copper export corridor to the Kasumbalesa border crossing and disrupting shipments from the world’s second-largest copper producer. The Zambia Revenue Authority said in a notice on Sunday that traffic to and from the Kasumbalesa border post has been affected due to the bridge damage, and transporters are advised to use alternative routes. According to SMM, this corridor handles approximately one-third of the DRC’s copper cathode exports. Currently, outbound shipments from the southern DRC copper-cobalt belt are being rerouted via the Jiayou–Sakania and Mokambo border crossings.

(Bloomberg) -- Flooding severed the Democratic Republic of Congo’s main copper-export corridor after a key bridge collapsed just south of the Zambian border, disrupting shipments from the world’s second-largest producer of the metal. Transporters should use alternative routes, as the damage has affected traffic flow to and from the Kasumbalesa border with Zambia, the Zambia Revenue Authority said in a notice on Sunday.