SPECIAL REPORT: GROWING DEMAND FOR AFRICA’S CRITICAL MINERALS INTENSIFIES GEOPOLITICAL RIVALRIES

   Thu, 23 May 2024

The global critical minerals market is adapting to heightened demand from renewable energy sectors and Fourth Industrial Revolution (4IR) technologies, leading to growing shifts in geopolitical dynamics. This includes major powers diversifying sources away from dominant suppliers such as China due to recent global events like the COVID-19 pandemic and Russia’s invasion of Ukraine. In response, regions rich in minerals, such as Africa and the Middle East, are becoming focal points for new mining investments and strategic partnerships. Simultaneously, the United States and European Union Countries are reformulating policies to secure and stabilise mineral supply chains, reflecting the increasing importance of these resources for future technological advancements and economic security.