Source: Reuters (via feed)
The United States is increasing efforts to compete with China in securing African minerals. These minerals include copper and cobalt, which are critical for various industries. According to diplomats, executives, and analysts, the U.S. is using offtake agreements and state-backed funding to gain short-term advantages. This move comes ahead of the upcoming Indaba conference. The U.S. seeks to challenge China’s current dominance in the supply of these minerals. These minerals are vital for manufacturing and technology development. However, the competition remains intense due to China’s established presence in African mining sectors. The U.S. strategy focuses on securing reliable supplies. Meanwhile, China continues to invest heavily across the continent. The outcome of this competition will influence the global mineral supply chain.
This U.S.-China competition highlights the strategic importance of African minerals in global supply chains. Access to these resources affects manufacturing and technology industries worldwide.
