China Dominates Africa’s Mineral Market While the US Struggles to Catch Up
For years, China has poured billions into Africa’s mining sector, securing access to critical minerals like cobalt, lithium, and rare earths. Now, those investments are giving Beijing a significant edge in the global race for these valuable resources, leaving the United States scrambling to keep up.
China’s Strategic Play in Africa
China’s deep economic ties with Africa have been years in the making. Since 2023, Chinese companies have invested over $10 billion in acquiring key mineral assets across countries like the Democratic Republic of Congo (DRC), Botswana, and Zimbabwe. These resources are essential for high-tech industries, renewable energy, and defense systems.
The DRC, the world’s leading cobalt producer and a major source of copper, has been a prime target. In 2023 alone, Chinese firms funneled about $1 billion into the country’s mining sector, ensuring a steady supply of raw materials for China’s rapidly growing tech industry.
The US Tries to Enter the Race
Washington is now trying to make up for lost time. Last week, the Financial Times reported that the US is in early discussions with the DRC about a potential deal. The agreement would grant American companies access to the country’s critical minerals in exchange for military support. However, with China already firmly embedded in Africa’s mining sector, shifting the balance may prove challenging.
Why It Matters
Critical minerals are the backbone of modern technology. They power everything from smartphones to electric vehicles and advanced defense systems. As demand grows, control over these resources is becoming a geopolitical power play. China’s early investments mean it now holds a commanding position in the global supply chain, while the US scrambles to secure its own sources.
With Africa’s resources in the spotlight, this race is far from over. The question now is whether Washington can find a way to compete—or if Beijing will maintain its dominance for years to come.
