The United States remains committed to funding the Lobito rail corridor, a project to help transport critical minerals from the central African copperbelt to the West, despite President Donald Trump’s aggressive spending cuts, a US diplomat said.
The US, through its International Development Finance Corporation, set up during Trump’s first term in 2019, has pledged a $550 million loan to support Lobito, which is considered key in countering Chinese control over copper and cobalt supplies in the region.
