Chinese investors have backed mineral processing and manufacturing projects worth more than US$16 billion across Africa, a new report has concluded, amid an increasing push by countries to secure a greater share of the earnings from their natural resources. The continent is a major international supplier of key minerals such as copper, cobalt and iron ore, and countries such as the Democratic Republic of Congo, Guinea and Zimbabwe have previously introduced mineral export bans or restrictions to...
Why China is investing heavily in African push to bring mineral processing home
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SCMP - Feed 91By Jevans Nyabiage
EXECUTIVE SUMMARY
Chinese investors have backed mineral processing and manufacturing projects worth more than US$16 billion across Africa, a new report has concluded, amid an increasing push by countries to secure a greater share of the earnings from their natural resources. The continent is a major international supplier of key minerals such as copper, cobalt and iron ore, and countries such as the Democratic Republic of Congo, Guinea and Zimbabwe have previously introduced mineral export bans or restrictions to
Key Takeaways
- Why China is investing heavily in African push to bring mineral processing home.
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Published originally on SCMP - Feed 91
