U.S. Interest in Cameroon’s Strategic Minerals Increases
The U.S. is showing heightened interest in Cameroon’s critical minerals, particularly cobalt and nickel, to diversify supply sources. This engagement aligns with global economic sustainability efforts and underscores the importance of regulatory frameworks for attracting foreign investment.
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On March 30, U.S. Charge d'Affaires met with Cameroon’s interim Minister of Mines to discuss collaboration on critical minerals, including cobalt, nickel, and manganese. Cameroon’s Nkamouna-Lomié site is estimated to contain 100 million tons of ore, with potential annual production of 4,160 tons of cobalt and 3,280 tons of nickel.
The U.S. aims to diversify its supply of critical resources amid rising global competition. Both the U.S. and Australia emphasized the need for a robust regulatory framework to facilitate foreign investment. Challenges for U.S. companies include understanding the investment landscape and navigating the local business climate.
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