African critical minerals output could reach $2 trillion by 2050

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Sub-Saharan Africa could produce almost $2 trillion of metals required for the energy transition by 2050, according to the International Monetary Fund.

As demand for the minerals used in electric vehicles and renewable energy equipment is expected to soar, the Democratic Republic of Congo already produces more than 75% of the world’s cobalt and is the second-largest source of copper. Countries including Zimbabwe, Ghana and Mali plan to become significant producers of lithium.

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