Trafigura signed the EGC/EVelution MOU in Madrid on 13 May 2026 for a direct US-DRC cobalt supply chain. Trafigura holds a stake in the Lobito Atlantic Railway, with the $753m financing package closed in December 2025. The Kamoa-Kakula $200m advance payment offtake agreement remains in execution
Company Profile
Key Developments
Lobito Atlantic Railway (its rail concession JV) closed $753m in DFC/DBSA financing in Dec 2025; Trafigura Asia Trading holds a 20% offtake stake (with a $200m advance payment) in Kamoa-Kakula's new copper smelter output
Key Risks
FY2026 environment flagged by the company as subject to evolving trade policy, moderating demand growth in some commodities, and ongoing supply-side disruption; recent leadership and executive-committee transitions
What Happens Next
Watch further Lobito Corridor capital deployment and additional African offtake/logistics deals
Commercial Opportunity
Commodity trading, logistics, and infrastructure investment opportunities across the corridor
Commercial Opportunity Intelligence
Connected Intelligence
Analyst Notes
Revenue/employee figures vary by data provider (e.g., PitchBook lists HQ as London, other sources as Singapore); Singapore is used here as the primary, most consistently cited HQ