China’s Dominance in Africa’s Critical Minerals Market

China maintains its leading position in Africa’s critical minerals race, investing over $10 billion in essential resources like cobalt and lithium. These investments, primarily secured in 2023 and 2024, position China ahead of the United States amid increasing global competition for rare earth elements.

China continues to dominate the critical minerals sector in Africa, posing a significant challenge for the United States. With substantial investments made over the years, China has positioned itself strategically in the continent’s mining landscape. Experts predict that its early commitment and the necessity for critical minerals to support advanced technologies will secure China’s leadership in this field.

The competitive landscape is characterized by Chinese companies investing over $10 billion in African mining and critical mineral assets, particularly in cobalt, lithium, and rare earth elements. Notably, these investments surged in 2023 and 2024, highlighting the urgent drive to secure resources vital for China’s hi-tech industries.

According to a recent article from the Brookings Institution, China has progressively re-engaged economically with Africa since the pandemic, focusing heavily on acquiring mining rights. The Democratic Republic of Congo (DRC) emerged as a primary target, producing the world’s largest quantities of cobalt and significant copper reserves. In 2023 alone, the DRC attracted nearly $1 billion in Chinese investments, underscoring its importance in the critical minerals race.

In summary, China’s robust investments in Africa’s critical minerals sector have significantly outpaced those of the United States. With over $10 billion invested, particularly in cobalt, lithium, and rare earths, China is set to maintain its competitive advantage. The DRC has proven to be a focal point for these investments, illustrating the strategic importance of African resources in global technology and energy sectors.

Original Source: www.scmp.com