Critical Minerals for Africa's Inclusive Growth and Development
Understanding Africa's critical minerals as a transformative opportunity to accelerate inclusive growth, industrialization, and regional integration.
Key Messages
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Africa's critical minerals represent a transformative opportunity to accelerate inclusive growth, industrialization, and regional integration.
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Realizing this potential requires a deliberate shift away from exporting raw mineral materials to building competitive value chains, strengthening governance, improving infrastructure, and securing sustainable financing.
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Africa's success in the global critical minerals economy will depend on its ability to strategically position itself not only as a supplier of raw materials but as a major producer of value-added materials essential to the global energy transition.
Critical minerals and metals are central in the global energy transition, advanced manufacturing, and digital transformation. The increasing demand for minerals such as cobalt, lithium, nickel, rare earth elements, and platinum group metals highlights their strategic significance. However, the definition of criticality is not uniform across countries; it is somewhat shaped by national economic and strategic priorities, supply chain vulnerabilities, and policy objectives.
The report provides an overview of the diverse approaches to defining what criticality is in light of global trends. While critical minerals strategies are often associated with industrialized economies seeking to secure supply chains, resource-rich countries—including many in Africa—increasingly adopt critical minerals policies to maximize value creation, economic diversification, and industrial development.
Given the global nature of critical mineral supply chains, the report calls for greater international cooperation, particularly through platforms such as the G20. It emphasizes the need for fair and inclusive governance frameworks that balance security of supply concerns with Sustainable Development Goals. Strengthened partnerships between African and global actors can promote responsible sourcing, industrial growth, and technological innovation to ensure the transition to a mineral-intensive future is equitable for all economies.
The report is a co-publication of the African Development Bank and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF).