The Atlantic Council has announced a three-year initiative to enhance Africa’s critical mineral value chain and meet the increasing global demand for rare minerals.
Launched with a twelve-person task force representing the U.S., Europe, and Africa, the program aims to attract global investors to Africa’s critical minerals sector.
The task force will convene regularly to discuss best practices for private sector investment, job creation, and integration of African markets into the global economy.
Rama Yade, Senior Director of the Atlantic Council Africa Center, emphasized Africa’s pivotal role in supplying critical minerals globally and expressed the Council’s commitment to engaging policymakers and stakeholders to advance the industry on the continent.
The initiative comes at a time of rising demand for critical minerals driven by the energy transition and the fourth industrial revolution.
Africa, holding about 30% of the world’s rare minerals, plays a vital role in supplying materials for electric vehicles, lithium batteries, cellphones, medical scanners, and military hardware manufacturing.
