President Biden visits Lobito Atlantic Railway to view copper exports to the USA
Lobito, December 4, 2024 – The President of the United States of America, Joe Biden, visited the Multipurpose Terminal at the Port of Lobito, Angola yesterday, where he watched the arrival of a train operated by the Lobito Atlantic Railway (LAR), transporting copper from the Democratic Republic of Congo (DRC).
The copper was then loaded onto a vessel bound for New Orleans, in the United States, highlighting, once again, the strategic role of the Lobito Corridor in linking Southern Africa and international markets.
Nicolas Gregoir, Director of Operations (COO) at LAR, presented to President Biden and other guests the progress of the concession awarded to the company, which includes the integrated management of the Lobito Corridor railway line and the Lobito Port Mineral Terminal.
This concession has demonstrated efficiency, sustainability and positive impact on the export of critical minerals, promoting regional economic development and the integration of Angola, DRC and Zambia into global trade.
President Biden’s visit to Angola highlights the relevance of the Lobito Corridor as a model of logistical excellence and sustainable economic development, making it possible to highlight LAR’s commitment to transforming this infrastructure into an indispensable pillar for global trade and the energy transition, by ensuring the efficient supply of strategic minerals such as copper needed for the energy transition.
