USA and Africa’s critical minerals
The USA is turning to Africa for critical minerals for green energy, aiming to reduce dependency on China. Strategies include multilateral efforts, de-risking projects, and diplomatic engagement. African leaders cautiously welcome US involvement, unsure if it will lead to significant investment.
The USA is looking to Africa to help meet its need for ‘critical minerals’ needed for green energy technologies and reduce China’s outsized influence on global supply chains.
The USA relies on three strands to help it secure African resources: a multilateral effort involving Western allies, de-risking projects through its development agencies, and active diplomatic engagement on the continent.
African politicians are giving the American push a cautious welcome. However, it remains unclear whether the West’s geostrategic ambitions will translate into a massive increase in investment.
Source: The Economist
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