What's Happening?
The African Energy Chamber's State of African Energy 2026 Outlook highlights Africa's pivotal role in the global energy transition due to its rich deposits of critical minerals. The report identifies cobalt, lithium, copper, and platinum group metals
as essential for clean energy technologies, including electric vehicles and renewable power generation. Africa, particularly countries like the Democratic Republic of Congo, Zambia, and Zimbabwe, leads in the production of these minerals. The demand for these resources is expected to increase significantly by 2035, with Africa positioned as a key supplier.
Why It's Important?
Africa's mineral wealth is crucial for the global shift towards sustainable energy solutions. The continent's ability to supply critical minerals can drive industrial growth and economic development. However, this opportunity also presents challenges, such as ensuring environmental standards and managing export controls. The strategic importance of these resources has attracted international interest, with countries like China, the United States, and the European Union seeking partnerships to secure supply chains. Africa's role in the energy transition could redefine its economic landscape and influence global energy policies.
What's Next?
As demand for critical minerals grows, African countries are likely to enhance their mining and processing capabilities. This includes pursuing downstream processing to add value to raw materials. Governments may implement policies to ensure sustainable mining practices and equitable distribution of benefits. International competition for these resources is expected to intensify, potentially leading to strategic alliances and investments in infrastructure. The development of export routes, such as the Lobito Corridor, will be crucial in facilitating the efficient movement of minerals to global markets.
