Mineral beneficiation tackles poverty
For example, Zimbabwe’s lithium, the Democratic Republic of the Congo’s cobalt and South Africa’s manganese can be pooled into a single, unified regional value chain to manufacture electric vehicle batteries in the subcontinent, creating a massive and captive internal market of over 1.
Under Western and Eastern tariff structures, unrefined, raw African minerals are allowed to enter foreign markets with zero customs duties to feed their own factories.
By refusing to export unrefined ore, African states can compel multinational corporations to relocate the high-value, downstream stages of production such as smelting, component manufacturing and final assembly, directly onto African soil.
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