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Africa Critical Minerals Gold Rush

Bloomberg Markets •
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Bloomberg examines the intensifying global race for critical minerals and how Africa can leverage surging demand for economic gains. Botswana, traditionally known for diamonds, is now pivoting toward diversified minerals as Minister Bogolo Kenewendo outlines strategies to capture more value from the nation's resources.

KoBold Metals has launched the largest exploration campaign by any company operating in the Democratic Republic of Congo, targeting valuable minerals like cobalt and copper that power artificial intelligence technologies. This massive investment signals growing confidence in Africa's mineral potential amid global competition.

The continent stands at a pivotal moment as resource-rich nations seek to transform raw materials into sustainable economic development. With traditional markets evolving and new technologies requiring specialized minerals, Africa's untapped resources could redefine the global supply chain for decades to come.