The World Economic Forum (VEF), in cooperation with the Bank for the Development of South Africa and McKinsey & Company, issued a report that emphasizes the huge potential of the southern part of Africa in the supply of the most important minerals necessary for the transition to pure energy. Despite the fact that the region is a house for almost 30 percent of the world stocks, it accounts for less than 10 percent of global exploration costs due to undeveloped infrastructure, spaces in financing and political uncertainty.
Mineral wealth and global Value
South African region (South Africa), which includes Angola, Botswana, Democratic Republic of the Conga, Mozambique, Namibia, South Africa, Tanzania, Zambia and Zimbabwe, contains 50 percent of the world's stocks Cobalt, 20 percent of the global graphite reserves and 10 percent of world copper reserves.
These minerals are vital for low-carbon technologies, such as electric vehicles, batteries, solar panels, windshields and hydrogen systems. A higher ratio of reserves for SAR extraction compared to world analogues means that the region can maintain production longer.
eight problems that impede the growth
The report defines eight obstacles that prevent the region from realizing their potential. Political uncertainty and complex regulation, limited access to financing in the early stages, high capital capacity of mining projects, unreliable energy supply and dependence on fossil fuel, weak transport infrastructure (ports, railways and roads), lag)
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