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Chinese President Xi Jinping’s Belt and Road Initiative has plowed billions of dollars into infrastructure projects in Africa. That’s given Beijing prime access to the mining resources that will underpin the upcoming technology, energy and transport revolutions.
Now the US has fully awakened to China’s ambitions. President Joe Biden is championing new investment in a railway that will transport copper and other minerals from Zambia and the Democratic Republic of Congo to the Angolan port of Lobito. But is it too late for the US to catch up?
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This Bloomberg clip looks at how, perhaps a decade-late, the US are striving to challenge China's access to Africa's raw materials, and the spread of the Belt and Road Initiative.
Given the importance of some of these raw materials to new technologies, US firms such as KoBold Metals are starting to invest in the continent, and this requires significant infrastructure investment.