The US and its allies have established a funding body for resource-rich African countries to bolster supply chains needed for the transition to clean energy in a bid to “challenge Chinese dominance” in critical minerals, according to a report in the South China Post, which said a US-led group known as the Minerals Security Partnership met on the sidelines of the UN General Assembly in New York recently to “discuss priorities, challenges and opportunities in responsible mining and processing of critical minerals”.
The group, set up in June, includes the US, Australia, Canada, Finland, France, Germany, Japan, South Korea, Sweden, Britain and the European Commission, it said, and their representatives met with officials from five of African states – the Democratic Republic of Congo, Mozambique, Namibia, Tanzania and Zambia – to discuss funding and provide “information to improve the domestic processing of critical minerals” needed for electric vehicle batteries, solar panels and wind turbines, such as lithium and cobalt.
Read the full report: SCMP.
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