Battery Metals Africa’s Post

BATTERY AND CRITICAL MINERALS: Time for Africa to really cash in. The #Globalbatterymetals market size is calculated at USD 11.65 billion in 2024 and is expected to be worth around USD 23.97 billion by 2033 - The revenues from the extraction of just four key minerals: cobalt, nickel, lithium and copper are estimated to total $16 trillion over the next 25 years. Africa is already at the centre of global critical minerals production: ·       The #Democratic Republic of #Congo accounts for over 70 percent of the global cobalt output, approximately half the world’s reserves. ·       #SouthAfrica, #Gabon and #Ghana collectively account for over 60 percent of global manganese production. ·       #Zimbabwe has Africa's largest lithium reserves and the world's sixth-largest lithium producer and supplier. There are other African countries that have lithium resources, including #Namibia, #Mali, the Democratic Republic of Congo (#DRC) and Ghana. ·       Other African countries with significant critical mineral reserves include #Guinea, #Mozambique, and #Zambia. The #Globalenergytransition offers Africa mineral-rich countries the chance to bolster their industries and diversify their economies with the need to build local processing capabilities needed to add value.   The upcoming DRC - Africa Battery Metals Forum (17-18 #September 2024 in #Kinshasa, DRC), prime engagement platform contributing on building an inclusive and equitable #batterymetals industry in the heart of Africa, underpinning broad-based #sustainable growth, #localbeneficiation and #socioeconomic development. Join us ! Jean-Tite

BATTERY AND CRITICAL MINERALS: Time for Africa to really cash in. The #GlobalBatteryMetals market size is estimated at USD 11.65 billion this year and is expected to be worth around USD 23.97 billion by 2033 - The revenues from the extraction of just four key minerals: cobalt, nickel, lithium and copper are estimated to total $16 trillion over the next 25 years. Africa is already at the centre of global critical minerals production: ·       The #Democratic Republic of #Congo accounts for over 70 percent of the global cobalt output, approximately half the world’s reserves. ·       #SouthAfrica, #Gabon and #Ghana collectively account for over 60 percent of global manganese production. ·       #Zimbabwe has Africa's largest lithium reserves and the world's sixth-largest lithium producer and supplier. There are other African countries that have lithium resources, including #Namibia, #Mali, the Democratic Republic of Congo (#DRC) and Ghana. ·       Other African countries with significant critical mineral reserves include #Guinea, #Mozambique, and #Zambia. The #GlobalEnergyTransition offers Africa mineral-rich countries the chance to bolster their industries and diversify their economies with the need to build local processing capabilities needed to add value.   The upcoming DRC - Africa Battery Metals Forum (17-18 #September 2024 in #Kinshasa, DRC), prime engagement platform contributing on building an inclusive and equitable #batterymetals industry in the heart of Africa, underpinning broad-based #sustainable growth, #localbeneficiation and #socioeconomic development. Please join us ! Jean-Tite Ministère des Mines - RDC, Ministère du Commerce Extérieur RDC/ Foreign Trade Ministry, CMOC, Tenke Fungurume Mining, Glencore, Eurasian Resources Group, ERG Africa, Cobalt Institute, Fair Cobalt Alliance (FCA). Entreprise Générale du Cobalt, #CCB, MMG Limited, USAID,AKATA USAID Organisation; COMINIERE SARL, Tantalex Lithium Resources Corp, Goodness Multi services Sarl, Axis House Group (Pty) Ltd - Reagent Experts,Africell Group, Dev Solaire ,AKATA RDC Sarl Elephant Trade Services; ARSP - Autorité de Régulation de la Sous-traitance dans le secteur Privé, ANDRITZ, Exxaro Resources...the dti (Department of Trade and Industry: Republic of South Africa). Battery Metals Africa, Lithium battery Energy...

Transforming Africa’s mineral wealth: From extraction to end use https://lnkd.in/dVAi-7-D - The Cooperator News CAPE TOWN, June 24, 2024 - Global demand for critical minerals essential for clean energy technologies is expected to grow more than three-fold by 2030. For Africa – a continent rich in a variety of minerals – this highlights a strategic opportunity to bolster economic growth through mineral development. The upcoming Critical Minerals Africa [CMA] Summit – scheduled for November 6-7. 2024  in Cape Town – will play a key role in exploring how Africa can not only increase mineral exploration and extraction, but also maximise value addition through local refining and manufacturing. Africa holds approximately two-thirds of global cobalt …

Even if Africa can just move a couple of steps forward in the value chain, Africa can increase locally generated value exponentially. The continent MUST do better with value retention. Beneficiation has been a topic of discussion for a good couple of decades, but we are still far from implementing these best practices.

Africa's rich mineral resources are vital for global decarbonisation efforts and offer a unique opportunity to drive sustainable development and economic growth across the continent.

In 2023, the global push for decarbonisation continues to accelerate, with Africa playing a key role due to its rich mineral resources. The continent is pivotal in supplying critical minerals like lithium, copper, cobalt, and platinum, necessary for the energy transition. Africa holds a significant share of the world's production of critical minerals. The Democratic Republic of Congo (DRC) controls 70% of cobalt production. South Africa nearly accounts for 75% of the world's supply of Platinum Group Metals and is the leading producer of platinum, contributing 71% to global production in 2022. Mozambique is ranked as the world's third-largest graphite producer, while Zimbabwe possesses the largest lithium reserves in Africa and has the potential to meet 20% of the global demand. Lithium prices, which more than doubled in 2022 amid surging EV demand, have stabilised but remain high, reflecting ongoing supply constraints. Copper and cobalt also maintain strong pricing trends, which are essential to electrification and battery technologies. The exploitation of these resources, historically dominated by large international mining houses, is now increasingly viewed through the lens of local benefit. There is a growing possibility that the African population and local communities receive direct advantages from mineral wealth. This shift towards inclusive growth is characterised by a commitment from African nations to enhance the value retained from their natural endowments. There is an increasing shift to focusing purely on extraction, in-continent processing, and value-adding before export. These strategies lay the foundation to create local jobs, foster industrial development, and ensure that the wealth generated by mining contributes more significantly to the region’s economic prosperity. This approach is a deliberate pivot from previous extractive practices, moving towards a future where economic empowerment and sustainability are at the forefront of the African mining sector's agenda. To take hold of opportunities in Africa, please contact Lynne Martin at lynne.martin@frost.com. #helpingAfricagrow #criticalminerals #decarbonisation #cleantechnologies #valueaddition #energytransition

Harnessing Sub-Saharan Africa’s Critical Mineral Wealth The region has an opportunity to develop critical minerals markets and processing industries to maximize the coming boom. From electric vehicles to solar panels to future innovations, the global transition to clean energy is set to further heighten demand for critical minerals. Between 2022 and 2050, demand for nickel will double, cobalt triple and lithium rise tenfold, according to the International Energy Agency. With sub-Saharan Africa estimated to hold about 30 percent of the volume of proven critical mineral reserves, this transition—if managed properly—has the potential to transform the region, the latest Regional Economic Outlook reports. Sub-Saharan Africa is already at the center of global critical mineral production. The Democratic Republic of Congo accounts for over 70 percent of global cobalt output and approximately half the world’s proven reserves. South Africa, Gabon and Ghana collectively account for over 60 percent of global manganese production. Zimbabwe, alongside the Democratic Republic of Congo and Mali, hold substantial but yet-to-be-explored lithium deposits. Other countries with significant critical mineral reserves include Guinea, Mozambique, South Africa, and Zambia. With growing demand, proceeds from critical minerals are poised to rise significantly over the next two decades. Global revenues from the extraction of just four key minerals—copper, nickel, cobalt, and lithium—are estimated to total $16 trillion over the next 25 years, in 2023-dollar terms. Sub-Saharan Africa stands to reap over 10 percent of these cumulated revenues, which could correspond to an increase in the region’s GDP by 12 percent or more by 2050. Given the volatile nature of commodity prices and the unpredictability over the future direction of technological innovation, these estimates have a high degree of uncertainty—but the general direction is certainly encouraging. Beyond extraction The region can generate even greater windfalls by not only exporting raw materials but processing them as well. Raw bauxite, for instance, fetches a modest $65 per ton, but when processed into aluminum it commands a hefty $2,335 per ton, in end-2023 prices. Yet the thousand trucks a day that carry unprocessed lithium from Zimbabwe to ports for shipping to China show that local processing options for critical minerals are too often limited.

🌍 Africa's Lithium Boom: A Major Leap in Global Production🌍 By 2024, Africa is on track to produce 10% of the world’s lithium, a significant jump from just 4% in 2023, according to Benchmark Mineral Intelligence. This impressive growth underscores the continent’s increasing influence in the global supply of critical minerals. China's rising investments in African mining have been pivotal in driving this transformation, positioning the continent as a key player in the electric vehicle and battery industries. With this surge in production, how will Africa's role in the global energy transition evolve? #Lithium #Africa #GlobalEconomy #SustainableEnergy #MiningIndustry #EVRevolution

Developing local processing industries could significantly boost value added, create higher-skilled jobs, and increase tax revenues—thereby also supporting poverty reduction and sustainable development. By diversifying their economies and moving up the value chain, countries will become less exposed to volatile commodity prices, and more able to protect themselves against exchange rate volatility and foreign currency reserve pressures. Foreign direct investment can help provide the capital and expertise to develop mineral processing industries, but the absence of a substantial regional market makes local processing investments less enticing. Policymakers need to remedy this. Regionally coordinated policies A regional strategy built on cross-border collaboration and integration can create a larger, more attractive regional market for much-needed investment. A regional strategy is also essential to fully leverage the diversity of critical minerals—clean energy technology requires combining multiple minerals scattered across the region. Sub-Saharan Africa’s anticipated population boom, coupled with rapid urbanization and industrialization, will likely increase demand for renewable energy and expand the market for processed minerals. The African Continental Free Trade Area can play a key role in reducing trade barriers and developing infrastructure, potentially uniting fragmented critical mineral markets for larger-scale operations and forming regional value chains that draw on both raw and processed mineral inputs. Coordination can also start on a smaller scale, paving the way for larger regional hubs. For example, the Democratic Republic of the Congo and Zambia are collaborating on battery production for two- and three-wheeled electric vehicles popular in African markets.