Sunday, October 2, 2022
HomeNewsAfricaIs Africa’s rare-earth rush a blessing or a curse?

Is Africa’s rare-earth rush a blessing or a curse?

The technology sectors – led by smartphones – have driven an explosion in demand for rare earths, but in addition, more supplies are needed to meet the growing needs of so-called green industries. A single wind turbine requires more than 1tn of rare-earth elements and electric-car engines are equally greedy. This is a paradox at a time when the urgency of climate change requires a drastic reduction in the growth and operations of extractive industries.

Projects and takeovers

Not a week goes by without the signing of a concession contract or an international company purchasing a rare-earth mining project in Africa. The sums involved give an idea of what is at stake.



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