Africa Encouraged to Capitalize on Critical Minerals for Energy Transition
African countries are urged to leverage their critical minerals for industrial growth and sustainable development amid a global shift towards low-carbon economies. The continent holds nearly 30% of the world's critical minerals, underscoring its strategic importance in the global energy transition.
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African nations are called to harness their critical mineral reserves to enhance industrialization and sustainable development. The UNECA forum highlighted that Africa possesses significant minerals essential for clean energy, such as cobalt and lithium, yet predominantly exports them in raw form.
Emphasizing the need for investment in processing and manufacturing, the forum advocates moving up the value chain. Improved infrastructure and regional integration, particularly through the African Continental Free Trade Area, are crucial for this transformation. Calls for enhanced governance and equitable partnerships further stress the need for coordinated continental efforts to ensure long-term economic benefits.
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