🌍 Critical Minerals Boom in Africa 🌍 The surge in demand for critical minerals such as magnesium, cobalt, lithium, and copper has placed Africa at the center of global conversations. With 30% of the world’s known critical minerals, Africa has vast potential to benefit from the ongoing technology and resource-driven revolution. However, as highlighted, one major challenge remains—Africa is still missing out on the full benefits. To truly take advantage of this boom, the continent needs substantial investment in #infrastructure and #value-addition industries like #refining and #processing. Currently, much of Africa's potential is untapped, and without the ability to process and add value to the raw materials within the continent, the primary benefits of this boom will be limited to extraction alone. 💡 But here's where I see an even bigger issue: Before Africa can fully benefit from its critical minerals, the continent needs significant upgrades in #electricitygeneration and #transmissioninfrastructure. Without stable and reliable power, industries cannot thrive, and Africa’s ability to refine and process its minerals at home will remain limited. 🚨 The time to act is NOW! 🚨 Africa must prioritize building the necessary infrastructure, ensuring access to reliable power, and fostering a value-addition ecosystem. This is the only way to ensure that the continent reaps the benefits of its mineral wealth and positions itself as a global player in the critical minerals industry. #TransformingAfrica #ElectricityInfrastructure #ValueAddition #CriticalMinerals #AfricaWeWant #InvestInAfrica
In case you missed it: The critical-minerals BOOM is HERE. Can AFRICA take advantage? Also see TOP mineral by Africa country (infographic). Technology is increasingly influencing the way people around the world live, creating opportunities in some cases and introducing new challenges in others. Just as important as a technology’s impact is the technology’s origin—or origins. Any given #technology can be traced back, through its individual components and #materials, to a number of sources. And the question about where those components and materials come from matters. Modern technology, economies, #livelihoods, and weapons depend on #criticalminerals such as #magnesium, #cobalt, #lithium, or even #copper. Where countries source these minerals makes a difference for national and strategic #security. Since #AFRICA is home to 30 percent of the world’s known critical minerals, the #continent is at the forefront of conversations. But currently, African nations aren’t getting their fair share of the benefits of the critical-minerals boom and buzz generated by the evolution of modern technologies. For that to happen, Africa will need more investment in its capacities to refine or add value to minerals within the continent; such investment could fuel a long-awaited boost in development. Africa is home to many critical-mineral reserves, but it is not home to industry that adds value to the minerals, such as the #processing and #refining of them. While Africa does have some processing and refining capacity for certain #minerals, substantial value-additive steps across the sector remain absent. To be blunt, Africa will only reap the benefits from the critical-minerals boom associated with #mineralextraction. Concrete action toward the goal of the development of long-awaited value chain enhancement and investment in the continent remains elusive. Continue reading.. https://lnkd.in/edAdV4YV A call to ACTION!! AFRICA, we MUST act NOW!! #TransformingAfrica #TheAfricaWeWant #AfCFTA #BrandAfrica #AU #GDP #Investment #Africa #AfricaMeansBusiness #ThisIsAfrica #Diaspora #IT #OneAfrica #AUC #TransAfricanHighway #SMEs #CreatingOneAfricanMarket #Invest #Tariffs #TheAfCFTAEffect #Trade #AI #AfricaRising #FDI #IntraAfricanTrade #Agenda2063 #Partnerships #AfCFTATV #WB #BuildBackBetter #InvestInAfrica #AfricanUnity #IMF #WTO #AfDB #TradeNotAid #AfCFTATrading #TravelToAfrica #CFTA #SAATM #TradeInAfrica #TradeUnderAfCFTA #JoinAfCFTA #AfricaOnTheMove #Infrastructure #Mining #Minerals #MadeInAfrica #AfCFTASecretariat #PanAfricanism #Investors #PAPSS #ZLECAF #AfricanSolutionsToAfricanProblems #Growth #BetterAfricaBetterWorld #StrongerTogether #Afreximbank #UnitedUnderAfCFTA #AfCFTA2024 #Africa2024 #AfricaYesWeCAN #AfricaToTheWorld #GlobalAFRICA
Renewable Energy Expert || Whole Energy systems & Smart Grid modelling || Sustainability || Project & Business Development/Management || Energy Consultancy (Techno-economic analysis, energy systems planning/optimisation)
2moI honestly couldn't agree more, I have been trying to say this for years. I strongly believe that an aggressive industrialisation approach is required to support the bankability of this electrification upgrade.