Biden's Farewell To Africa: Strategic Motives Behind First And Only Presidential Visit
Portfolio Pulse from Stjepan Kalinic
President Biden's upcoming visit to Angola highlights strategic motives, focusing on infrastructure development and critical mineral supply chains. The Lobito Corridor project, connecting Angola to the DRC and Zambia, is central to U.S. interests in countering China's influence and facilitating mineral exports crucial for EV and renewable energy technologies.
October 19, 2024 | 9:33 pm
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POSITIVE IMPACT
Barrick Gold's Lumwana copper mine in Zambia could see enhanced export capabilities through the Lobito Corridor, potentially boosting production and sales.
The Lobito Corridor offers a strategic export route for Barrick Gold's Lumwana mine, potentially increasing its production and sales by improving access to global markets.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
First Quantum's Kansanshi and Sentinel copper mines in Zambia could benefit from improved export routes via the Lobito Corridor, enhancing their market reach.
The Lobito Corridor could alleviate infrastructure bottlenecks in Zambia, benefiting First Quantum's copper mines by improving export efficiency and market access.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ivanhoe Mines, granted a license to explore copper in Angola, stands to benefit from the Lobito Corridor project, which could enhance mineral exports and attract Western investments.
Ivanhoe Mines' involvement in Angola's copper exploration aligns with the U.S. interest in the Lobito Corridor, potentially increasing its export capacity and attracting more Western investments.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80