Africa: Mining for Energy - Africa Must Seize the Green Moment

The continent should grasp the chance to develop its green minerals to its own advantage.

Africa has significant percentages of most, if not all, the essential minerals and metals needed to manufacture batteries for electric vehicles and other technologies vital for a green energy future. Global demand far outstrips supply, creating a massive potential sellers' market. The International Energy Agency hasthat demand for most minerals essential to the clean energy transition will increase by a factor of four to six.

The MSP would of course give its partners access to the critical minerals. Fernandez acknowledged that the partnership was not 'altruism.' So beneficiation or value addition was key to the MSP and central to the indaba's discussions. The current emblematic event in African mining is the Democratic Republic of the Congo and Zambia joint venture to make batteries for electric vehicles in the DRC's mineral-rich Katanga province. The two countries have significant copper, cobalt and lithium reserves - three key components of these batteries.

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