Race for critical minerals primarily focuses on cobalt and copper – key EV battery making metals, apart from lithium.

India is looking to ramp-up its critical mineral play in Africa as it keys resource securitisation and an upsetting of the Chinese apple-cart in the region. There are MoUs in place with at least eight African nations for mining collaborations including access to resources.

Nations include South Africa, Mozambique, Congo, Tanzania, Zambia, Malawi , Republic of Cote d’Ivoire and Zimbabwe. While the key focus continues to be on critical minerals such as copper, cobalt, niobium, graphite, titanium, lithium, among others.

Some of the lobby groups in the USA have pointed out that China currently controls an estimated 8 per cent of Africa’s resources. Numbers have gone up from 2018 estimates, they say.

Key Countries

In fact, the race for critical minerals primarily focuses on cobalt and copper – key EV battery making metals, apart from lithium. Congo – Zambia seem to be the key area of interest for countries – Western or Asian ones.

Few Western mining companies have until now ventured into the renascent Copperbelt region (northern Zambia and the southern part of the Congo) braving political risk, poor infrastructure and, in certain cases, the questions around artisanal mining. Few have lasted.

U.S. producer Freeport McMoRan brought the Tenke Fungurume copper-cobalt mine into production in 2009. It sold its holding to CMOC in 2016, giving the Chinese company its first foothold in the Congo.

India ups ante

India, meanwhile, is pushing for increased presence in the region primarily through a mix of G2G negotiations – that allow it mines on a nominated basis – and private entity interests, that allow direct investment there by companies.