Post #145

🇹🇿 Tanzania Elected Not to Trade 🌐Bloomberg reports that Africa’s copper flows to China have been knocked offline amid Tanzania’s post-election unrest. Traders say new shipments from the African Copperbelt have become impossible after the Port of Dar es Salaam was temporarily closed. ⏩Dar es Salaam is the key port for the TAZARA railway, the subject of a $1.4 billion deal signed on September 29 by China, Tanzania, and Zimbabwe. ⏪ 🔸Dar es Salaam is a key artery for Zambian and DRC copper, with roughly 2/3 of Africa’s copper to China funneling through the city. 🔸 The shutdown follows a citywide curfew in Dar es Salaam and wider unrest around the October 29 vote. Initially expected to end by October 31, the closure was extended on Friday indefinitely. 🔸 It usually takes up to 25 days to move minerals from the Copperbelt to South African ports. With the railway system overloaded, it will take even longer to reroute them. Meanwhile, all the shipments already in port are now completely immovable. 🔸 The PRC has not made any public statements about the October 29 vote. Devils Below