cover image: CENTRE FOR AIR POWER STUDIES - The Future of US Investment in Africa’s

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CENTRE FOR AIR POWER STUDIES - The Future of US Investment in Africa’s

19 Jan 2023

This brief intends to assess the potential and future of US investment in the African critical mineral industry, the obstacles it may encounter with China’s already heightened presence, and the implications it has for India, which is also prioritising the security of its supply chain. [...] Similarly, private companies in the United States have signed investment deals in Africa totaling $8.6 billion.6 For example, with representatives from Zambia and the Democratic Republic of the Congo, US Secretary of State Antony Blinken signed a memorandum of understanding on developing the value chains for the countries’ electric vehicle batteries and advancing multilateral objectives on the sup. [...] President Biden hosted close to 50 African leaders in Washington as part of his efforts to strengthen ties between the United States and African nations in light of worries about China’s expanding influence in the continent.7 The key initiatives of the US in Africa include: 1. [...] The fact that China is actively trading with African mineral producers essentially relocating the US-China mineral conflict to Africa, where China once again controls a larger proportion of resources and resource production, may be of greater concern to the US.9 The US, Australia, Canada, Finland, France, Germany, Japan, South Korea, Sweden, the United Kingdom, and the European Commission launched. [...] On September 22, in conjunction with the UN General Assembly, the US gathered these allies as well as mineral-rich nations hoping to gain access to the resources and expertise of developed nations in order to advance domestic rare earth processing.

Authors

Dilip

Pages
6
Published in
India