The United States of America wants to support mineral-producing countries in Africa to build the environment for investment, throughout the critical minerals supply chain, and not just to focus on extraction alone.
This was the statement made by US Under Secretary of State for Economic Growth, Energy and Environment Jose W Fernandez in his address to the Investing in African Mining Indaba in February 2023. The next of which is to take place in Cape Town next month.
Refining battery production and recycling, in addition to simply extraction, is the approach being adopted by the Mineral Security Partnership (MSP) of which the US is a part – along with Australia, Canada, Finland, France, Germany, Japan, Korea, Sweden, the UK, the European Union and now also Italy, the latest country to join.
Demand for critical minerals, which are essential for clean energy and other technologies, is expected to expand significantly in the coming decades.
MSP members view transparent, open, predictable, secure, and sustainable supply chains for critical minerals as being critical to the successful deployment of these technologies at the speed and scale necessary to combat climate change effectively.
Last year’s MSP meeting on the sidelines of the United Nations General Assembly High-Level Week in New York was attended by the Democratic Republic of Congo (DRC), Mozambique, Namibia, Tanzania and Zambia.
Nucleus Mining Logistics has recently opened a large bonded warehouse in Kitwe(Zambia) which will be supporting mining customers who are responding to this growing demand.
Source: Creamer Media's Mining Weekly
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