Nippon Steel committed to US Steel takeover, aims to close in December
The transaction has faced stiff resistance from politicians and the United Steelworkers (USW).
US President Joe Biden is expected to announce on Wednesday an additional $600 million in financing for projects along the Lobito rail corridor during his trip to Angola, according to a senior administration official.
The funding for solar, critical minerals and telecommunications projects along the corridor comes during Biden’s first visit as president to Sub-Saharan Africa and the first by any US president to Angola.
(By Trevor Hunnicutt; Editing by Costas Pitas)
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