Individuals
Businesses
Company
Intelligence
News
African Capital Markets
EnglishEnglish
share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram

US Backs Angola’s Lobito Rail Corridor to Counter China

Daba Finance/US Backs Angola’s Lobito Rail Corridor to Counter China
BREAKING NEWSDecember 3, 2024 at 7:51 AM UTC

TLDR

  • The US is investing heavily in the Lobito rail corridor, which links Angola’s Atlantic coast to the Democratic Republic of Congo (DRC) and Zambia.
  • Revitalized by a Trafigura-led consortium with US support, the 1,100-mile railway now delivers minerals in less than a week, down from over a month.
  • The Biden administration has pledged $553 million to the project, alongside $1.6 billion for a new 500-mile line connecting Zambia’s copper belt to Lobito.

The US is investing heavily in the Lobito rail corridor, which links Angola’s Atlantic coast to the Democratic Republic of Congo (DRC) and Zambia. The goal is to secure access to critical minerals like copper and cobalt, which are essential for electric vehicles and the energy transition away from fossil fuels.

Revitalized by a Trafigura-led consortium with US support, the 1,100-mile railway now delivers minerals in less than a week, down from over a month. The Biden administration has pledged $553 million to the project, alongside $1.6 billion for a new 500-mile line connecting Zambia’s copper belt to Lobito, bypassing the DRC. This initiative counters China, which dominates mineral production in the region and has heavily invested in alternate routes.

The US has committed nearly $5 billion to projects along the corridor, including agriculture and energy, while Western companies like KoBold Metals and Barrick Gold are expanding operations in Zambia.

You can follow Daba’s reporting on Africa on WhatsApp. Sign up here

Key Takeaways

The Lobito corridor underscores the competition for Africa’s resources. The DRC and Zambia hold 10% of global copper reserves and most of the world’s cobalt. While Chinese firms dominate production, the US aims to reduce supply chain dependence on China. Investments in the rail corridor represent a strategic push to secure critical minerals and counter Beijing’s influence, with bipartisan support ensuring continuity despite leadership changes in Washington.

Economy
United States
Angola
DRC
Zambia
Lobito Project
Railway

Think someone else should see this?

share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram
Stay informed with our newsletters read by 25,000+ professionals worldwide
Newsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companies

Next Frontier

Stay up to date on major news and events in African markets. Delivered weekly.

Pulse54

UDeep-dives into what’s old and new in Africa’s investment landscape. Delivered twice monthly.

Events

Sign up to stay informed about our regular webinars, product launches, and exhibitions.

+25k investors have already subscribed

To invest in this opportunity and other opportunities across Africa

Download the daba finance app on your mobile through
appstore iconappstore icon
Phone Image

Take action.

Download app

Start investing in Africa’s best opportunities, including stocks, bonds, startups, venture funds, and more.

Partner with us

Unlock exciting business opportunities and growth potential.

Join Daba

Become a part of our vibrant community and enjoy exclusive benefits.

Contact us

Reach out to us for inquiries, support, or collaboration.
For Investor
StrategiesPortfolio ManagementAfrican Capital MarketsNews
Daba Pro Intelligence
For Capital Seekers
For StartupsFor Fund ManagersFor Private CompaniesFor Lenders
For Partners
Commercial BanksBroker DealersAsset ManagersInvestment BanksInvestment Advisors and ConsultantsLenders and Microfinance
Company
About UsMarket UpdatesEventsBlog and PodcastNewsletterCase StudiesAffiliate ProgramInvesting GlossaryOfficial ContactsTrust, Compliance and SecurityFrequently Asked Questions

Terms & ConditionsPrivacy Policy
EnglishEnglish

Owned by Daba Markets Inc. By using this site, you accept our Terms and Conditions and Privacy Policy. © 2024 All rights reserved. 2025 All rights reserved