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The world relies on critical minerals to support a wide range of essential activities, from industrial production to defense to consumer goods. Over the past ten years, technological advances (such as low emissions technology) have increased the demand for critical minerals. The concentration of mineral production in very few countries, pandemic-related supply chain disruptions, and rising international tensions are pushing countries to diversify their critical mineral suppliers. This is causing many countries to look to Africa. The effort to diversify is intense in the United States, especially given geopolitical competition with China.Although the growing demand for critical African minerals creates business opportunities, mining companies must also navigate a challenging political risk environment. Often, supplies of critical minerals are in areas struggling with violence and poor governance. In addition to traditional cost-benefit analyses, companies must weigh potential profits ag...
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14 North Strategies
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