What's Happening?
According to the African Energy Chamber's State of African Energy 2026 Outlook, Africa is set to play a crucial role in the global energy transition due to its rich deposits of critical minerals like cobalt, lithium, copper, and platinum group metals.
These minerals are essential for clean energy technologies, including electric vehicles and renewable power generation. The report highlights that global demand for these minerals could increase up to five times by 2035 compared to 2023 levels. Africa, particularly the Democratic Republic of Congo (DRC), Zambia, Zimbabwe, and other countries, leads in the production of these minerals. The DRC alone accounted for more than half of global cobalt production in 2024.
Why It's Important?
Africa's mineral wealth is not just a resource but a strategic asset for the global energy transition. As the world shifts towards cleaner energy sources, the demand for critical minerals is expected to surge, positioning Africa as a key player in this transition. The continent's ability to supply these minerals will be crucial in meeting global energy needs and supporting decarbonization efforts. Additionally, the development of Africa's mineral resources can drive industrial growth and economic development within the continent, providing opportunities for job creation and infrastructure development.
What's Next?
The African Energy Chamber emphasizes the need for responsible development of Africa's mineral resources to ensure they contribute to global decarbonization efforts. The DRC is pursuing downstream processing to convert cobalt hydroxide into higher-value metal, alongside measures on traceability and environmental standards. International competition for supply is intensifying, with China, the United States, and the European Union increasing their engagement through strategic partnerships and infrastructure investment. The Lobito Corridor, linking Zambia to Angola's Atlantic coast, is highlighted as a key export route supported by international funding.
