China has invested over US$10 billion in Africa’s mining sector, particularly in acquiring critical mineral assets. This strategic engagement enables China to maintain its lead in the global rare earths race, particularly post-pandemic, with significant investments in countries like the DRC.

China’s substantial investments in Africa’s mining sector signal its supremacy in the critical minerals race, particularly regarding cobalt, lithium, and rare earths. Experts assert that China’s aggressive pursuit—backed by billions spent over the years—has ensured its leading position in a competition that increasingly concerns U.S. policymakers.

China’s investments, exceeding US$10 billion in acquiring mining assets throughout Africa, primarily occurred between 2023 and 2024. Notably, the Democratic Republic of Congo (DRC) has seen significant Chinese investments, with approximately US$1 billion being funneled into the country in 2023 alone. The DRC stands as the largest global producer of cobalt.

Following the pandemic, China has resumed economic engagement with Africa, focusing strategically on securing critical minerals essential for its high-tech sectors, renewable energy, and defense. According to experts, this two-year head start places China in a favorable position, making it less likely for the U.S. to catch up to its current trajectory in the rare earth sector.

In summary, China’s extensive investments in Africa’s critical minerals sector have solidified its leadership in the race for essential resources. With a strategic focus on acquiring mining assets and a significant head start post-pandemic, experts believe that China’s position is secure, leaving the U.S. at a disadvantage in keeping pace with this rapidly evolving global market.

Original Source: www.scmp.com