World Daily News
Business
Democratic Republic of the Congo / Zambia / Angola

US Expands Strategic Lobito Corridor to Secure Africa's Critical Minerals

Images from the reference sources
Discover how the US is expanding the Lobito Corridor to secure vital minerals from Africa, amid a backdrop of geopolitical tensions and ethical concerns regarding resource extraction. Explore the implications for Zambia and the DRC in this new scramble for resources.


In late August, the US government announced plans to expand the Lobito Corridor railway project, which spans from Angola to Zambia through the Democratic Republic of the Congo (DRC) and aims to connect to the Indian Ocean via Tanzania. This initiative comes as part of a broader strategy to secure critical minerals like cobalt, lithium, and copper, essential for the technology and electric vehicle industries. The Lobito Corridor, a crucial 1,300-kilometer railway line, has been gaining attention as international powers scramble for Africa's resource wealth, particularly in the context of green technology and energy transitions.

The corridor's significance has been underscored by recent developments, including the acquisition of the Benguela Railway operations by Victoris, a Belgian railway operator, and a 30-year concession signed by the Lobito Atlantic Railway in 2022. The US-backed expansion project, slated for completion by 2029, will involve collaboration with various stakeholders, including the European Union and African financial institutions, with an investment of $250 million from the US International Development Finance Corporation.

Both the DRC and Zambia are pivotal in this mineral-rich landscape, with the DRC being the largest producer of cobalt globally and a significant player in lithium reserves. Zambia, positioned strategically at the crossroads of several African regions, is a leading copper producer. These nations have entered into multiple agreements to enhance their mineral supply chains, particularly for electric vehicle batteries, amidst a competitive backdrop involving China and the US.

However, the expansion of the Lobito Corridor raises ethical concerns regarding neocolonial dynamics, as local economies may not fully benefit from the extraction of their resources. Critics argue that while the corridor aims to improve export opportunities for African nations, it could reinforce Western dominance over their mineral wealth, echoing historical patterns of exploitation. Recent tensions between the US and Rwanda add another layer to the geopolitical complexities surrounding these mineral-rich regions, as the US seeks to balance its strategic interests while addressing accusations of supporting authoritarian regimes.

  • The Lobito Corridor is not just a railway project; it symbolizes the intensifying global competition for Africa's mineral resources, particularly in the wake of the green energy revolution. As countries like the US and China vie for control over these critical materials, the implications for local economies and political stability in the DRC and Zambia are profound. The corridor is expected to facilitate not only the transport of minerals but also the development of local infrastructure, potentially offering some economic benefits to these countries.
  • Despite these potential benefits, skepticism remains about the actual impact of such international investments. Many observers question whether the local populations will see any significant improvement in their living conditions or if the profits will predominantly flow back to foreign corporations. The historical context of colonialism looms large, as many African nations grapple with the legacy of resource extraction that has often left them impoverished.
  • Furthermore, the geopolitical landscape is shifting, with the US reassessing its relationships in the region, particularly concerning Rwanda. As tensions rise, the US's strategic maneuvers may be seen as an attempt to counteract Rwandan influence while securing its interests in the DRC's mineral wealth. The unfolding situation highlights the intricate web of alliances and rivalries that characterize the contemporary scramble for Africa's resources.
Clam Reports
Refs: | Aljazeera |

Trends

Business

French Farmers Block Bordeaux Port in Protest Against Trade Deals

2024-11-21T18:41:22.493Z

French farmers protested by blocking access to Bordeaux port, voicing concerns over unfair competition and EU trade negotiations.

Business

Black Friday Deals: Major Discounts on Dreame and Roborock Robot Vacuums

2024-11-21T18:21:02.342Z

Dreame and Roborock are offering significant discounts on their robot vacuum cleaners ahead of Black Friday, with prices slashed by hundreds of euros on popular models.

Business

Jaguar Unveils New Logo, Sparks Mixed Reactions on Social Media

2024-11-21T18:11:10.280Z

Jaguar has launched a new logo, replacing its iconic design, which has led to diverse reactions on social media. As the company prepares for a shift to electric vehicles, the rebranding aims to modernize its image amidst criticism and nostalgia for the classic logo.

Business

Asian Economies Brace for Impact of Strong Dollar Amid Trade Tensions

2024-11-21T18:41:30.598Z

Asian economies are preparing for potential challenges as the dollar strengthens, driven by anticipated trade tensions and higher interest rates, which could lead to currency depreciation and increased inflation.

Business

SNCF Strike Threat: Will Christmas Travel Be Disrupted?

2024-11-21T18:22:14.812Z

The SNCF is facing a potential rolling strike starting December 12, raising concerns about Christmas travel disruptions. However, current mobilization appears limited, suggesting smoother travel may be possible.

Business

Black Friday Vacuum Deals: Shark and Roborock Offer Huge Discounts

2024-11-21T17:51:17.914Z

Major vacuum brands Shark and Roborock are offering significant discounts for Black Friday, making it an excellent opportunity for consumers to purchase advanced cleaning devices at reduced prices.

Latest