The New Scramble for Africa: Why Critical Minerals Matter More Than Ever
The New Scramble for Africa: Why Critical Minerals Matter More Than Ever In 1884, European powers sat in Berlin to divide Africa for it's land and oil. Today, a new "scramble" is happening, but the Prize for it has changed. Instead of oil, superpowers are fighting over critical minerals like cobalt, lithium, and rare earth elements. These are the resources needed to build electric vehicles, smartphones, Al, and advanced weapons. The politics for this century is simple: oil shaped the politics of the 20th Century, but these minerals are shaping the 21st century. And once again, Africa is at the center of this race. For a long time, the West treated like a giant supermarket where they just packed raw materials and left. But African countries are finally changing the rules of the game using "resource nationaliom". For example, the DR Congo produces over 70% of the world's cobalt. Through their regulator (ARECOMS) they have put strict limits on expor...