Could Africa establish a critical minerals-backed currency?
From mining-technology.com
Africa holds approximately 30% of the world’s critical mineral reserves, making the continent indispensable to green industrialisation and the global energy transition. However, beyond being a major supplier, Africa has yet to establish a strong value chain to reap the benefits of this mineral wealth for itself. Less than 5% of its critical minerals are domestically processed as most value addition occurs abroad, especially in China, which dominates the refining industry. To address this disparity, there are growing calls for collaboration between African countries and their respective mining industries.A report by ...
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