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Critical Minerals: Africa’s Role in the New Global Economy

Bloomberg Technology
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⚡ Quantum Brief
Africa now dominates the global critical minerals market, holding 30% of the world’s reserves, including cobalt, lithium, and rare earth elements essential for EVs, quantum computing, and defense technologies. Western nations and China are competing aggressively to secure African mineral supplies, with new trade deals and infrastructure investments reshaping geopolitical alliances in 2026. Electrification and AI-driven tech demand are accelerating extraction, but Africa faces challenges in local processing and value addition, risking continued raw material dependency. National defense strategies now prioritize mineral security, with the U.S. and EU funding African mining projects to reduce reliance on Chinese supply chains. Experts warn of environmental and ethical risks, urging sustainable practices as Africa’s mineral wealth becomes central to the next industrial revolution.
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Mar 7th, 2026Critical Minerals: Africa’s Role in the New Global EconomyThe global race to secure critical minerals is reshaping economies around the world, redrawing trade relationships and shifting geopolitical power. Africa sits at the center of that shift as countries move to secure supplies for electrification, technological advancement and national defense. Bloomberg's Tiwa Adebayo and Bloomberg NEF's Kwasi Ampofo explain. Duration:2:48Iran War: Where Things Stand After Almost One WeekDuration:2:07OpenAI, Oracle Won't Expand Flagship AI Data Center in TexasDuration:1:39NEC's Hassett Calls the Feb.

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Source: Bloomberg Technology

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