Update on the Lobito corridor.
"Scramble for critical minerals spurs an African rail revival"
"During the week, a rail route from Congo to an Angolan port that the US is backing with $553 million in development finance loaded its first copper shipment bound for Baltimore. Amos Hochstein, a senior adviser to President Joe Biden who has led the US efforts to develop the so-called Lobito corridor, called the event a BFD — short for big deal, with an expletive."
"Southern Africa’s railways are suddenly getting global attention and attracting billions of dollars in investment, with a race to secure copper supplies needed for the energy transition at its center.From Angola on the continent’s west coast to Tanzanian on the east, governments and investors are readying to revive decades-old rail lines that have fallen into disrepair and build new ones. Much of the new demand for freight comes from the central African copperbelt that Zambia and Democratic Republic of Congo share."
https://www.mining.com/web/scramble-for-critical-minerals-spurs-an-african-rail-revival/
