South China Morning Post
International · 4 hrs ago
✦ 72◉ Centre
Rare earth strategy provides ‘opportunities for Africa’ as US attempts to counter China
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Accuracy 72/100
Partisan intensity 35/100
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◉ Centre ✓ Fair headline
The US is funding African rare earth mining and processing infrastructure to secure critical minerals and reduce dependence on Chinese supply chains, acknowledging it lacks the domestic processing capacity that China possesses.
Rare earth strategy provides ‘opportunities for Africa’ as US attempts to counter China
The US is shifting strategy to fund local African processing and mining infrastructure after recognising it cannot yet process the critical minerals it is racing to secure from the continent to counter China.
Tom Haslett, managing director of policy for critical minerals at the US International Development Finance Corporation (DFC), said that unlike China, which had “significant industry backing for both processing and downstream manufacturing”, the US and Europe did not yet have that...
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