The Critical Minerals Africa (CMA) summit will be held on 6-7 November 2024 in Cape Town and will showcase investment opportunities within Africa’s critical minerals and rare earth elements market.
Organised by Energy Capital & Power, CMA is touted as the largest dedicated gathering of critical minerals stakeholders in Africa.
A panel discussion at CMA 2024 will seek to identify strategies for creating an enabling environment and fostering Africa’s competitiveness on the global critical minerals stage.
Sub-Saharan Africa is estimated to hold 30% of the world’s critical minerals reserves – including deposits of lithium, cobalt, and copper, which are crucial for the global transition to net zero emissions.
A panel at CMA 2024 – titled Investing in African Critical Minerals in a Competitive Environment – will explore best practices for attracting buyers and fortifying Africa’s critical mineral value chain amid fierce global competition.
Recent large-scale developments will be unpacked at the event, shedding light on burgeoning opportunities within Africa’s critical minerals space.
In October 2023, the US, European Commission, African Development Bank, and the governments of Zambia, DRC, and Angola signed an agreement to raise $1.3 billion in financing for the transnational Lobito Corridor, which will establish a cost-effective and fast export route for minerals produced from the three African countries.
In the same month, UAE investment platform F9 Capital Management partnered with South African mining firm Q Global Commodities to inject $1 billion in South Africa’s mining exploration and development scene.
Japan and the UK have also committed to allocating more than $3.7 billion to critical mineral production in Africa, exemplifying growing investor interest in Africa’s mineral-rich landscape.
Write to Adam Orlando at Mining.com.au
Images: African Gold, Abra Resources
