Africa has a once-in-a-lifetime opportunity to boost its development through the massive global demand for its fabulous trove of the minerals the world needs to power a green energy transition.
‘For some minerals, the increase will be exponential. By 2040, graphite demand will increase by 25 times, and lithium by 42 times,’ United States Under Secretary of State for Economic Growth, Energy and the Environment Jose FernandezHe warned African mining nations not to miss out on this potential bonanza. To help them avoid doing so, the USthe Mineral Security Partnership with 11 other developed nations last year.
But that has largely remained a dream. Now, the global surge in demand for ‘green’ minerals to achieve global net-zero carbon emissions by 2050 has injected new life into the dream. 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.that it would help create a level playing field for the private sector in the project.
When asked in a panel discussion if the project was ‘feasible’, leaders of the Zambian and DRC industries insisted it was. They acknowledged their countries’ lack of skills, infrastructure and capital but said these were being addressed, for example through collaboration between universities to provide training.
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