By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    Mahama orders probe into excessive shipping line charges in Ghana
    July 12, 2025
    Gbande refutes allegations of involvement in Ablekuma North rerun violence
    July 12, 2025
    A/R: Peprah refutes claims of obstructing Police Anti-Galamsey operation
    July 12, 2025
    Oil funds for ‘Big Push’ will be efficiently used – Mahama to PIAC
    July 12, 2025
    President Mahama appoints Principal of BTPOTC to Allied Health Professions Council Board
    July 12, 2025
  • Business
    BusinessShow More
    Mayekoo doubles donations to African causes with new matching fund campaign 
    July 10, 2025
    Government inaugurates new NIB board, announces plan to recapitalise bank
    July 9, 2025
    Ghana’s gold now powers cedi stability – President Mahama
    July 8, 2025
    VRA sets the benchmark in African public procurement
    July 8, 2025
    IMF Executive Board approves $370 million disbursement for Ghana
    July 7, 2025
  • Politics
    PoliticsShow More
    Gbande refutes allegations of involvement in Ablekuma North rerun violence
    July 12, 2025
    Oil funds for ‘Big Push’ will be efficiently used – Mahama to PIAC
    July 12, 2025
    Adutwum condemns Ablekuma North violence, calls for urgent investigation
    July 12, 2025
    Ablekuma North attacks threaten Ghana’s democratic foundations – minority warns
    July 12, 2025
    Ablekuma North: NDC makes history after Ewurabena Aubynn wins rerun
    July 11, 2025
  • Entertainment
    EntertainmentShow More
    Sim Majorley: Korea, Ghana to share cultures through stage production
    July 11, 2025
    I took a pause to gather strength- Kwesi Slay
    July 8, 2025
    Kinaata questions TGMA credibility over ‘Record of the Year’ snub
    July 7, 2025
    Ghana grows movie premiere ignites new thinking among youth in Ashaiman
    July 7, 2025
    “I will feature Sarkodie at the right time” – Kofi Kinaata
    July 6, 2025
  • Sports
    SportsShow More
    Tottenham secure Mohammed Kudus in high-profile transfer deal
    July 10, 2025
    Ghana, Nigeria share spoils in thrilling opener of 2025 WAFU U20 Boys Cup
    July 10, 2025
    Otumfuo rallies mining sector to support revamp of Ashanti sports facilities
    July 10, 2025
    Liverpool’s Ambitious Summer: Chairman Predicts Big Moves as Champions Build a Stronger Squad
    July 10, 2025
    Kofi Adams undertakes inspection of Baba Yara Stadium
    July 9, 2025
  • Technology
    TechnologyShow More
    Samsung Galaxy Z Flip7: A pocket-sized AI powerhouse with a new edge-to-edge flexwindow
    July 10, 2025
    Real Quantum Dot Technology in Samsung QLED TVs
    June 29, 2025
    GCAA and South Korea sign deal to advance Ghana’s Drone sector
    June 25, 2025
    Onafriq, PAPSS partner to launch cross-border payment services in Ghana 
    June 20, 2025
    Yellow Card, Visa partner to accelerate stablecoin adoption across emerging economies
    June 19, 2025
  • International
    InternationalShow More
    47th AU Forum: Ablakwa criticizes $1.2m AfCFTA allocation as ‘highly insufficient’
    July 10, 2025
    Minority demands audit over $1.2m passport relaunch cost and delays
    July 9, 2025
    Minority demands compensation for citizens stranded by US embassy closure
    July 9, 2025
    Foreign Minister Okudzeto Ablakwa and Chinese Ambassador Tong Defa sign $30 million grant agreement for Aflao market
    Ghana secures $30 million Chinese grant for Aflao market project
    July 9, 2025
    The end of USAID is not catastrophic for Africa – Dr. Brian Reuben
    July 8, 2025
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: Critical Minerals Africa Summit Defines the Future Minerals Economy
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
AfricaEditors PickGeneral

Critical Minerals Africa Summit Defines the Future Minerals Economy

Starrfm.com.gh By Starrfm.com.gh Published October 18, 2023
Share
SHARE

A high-level panel at Critical Minerals Africa 2023 – organized by Energy Capital&Power (https://www.EnergyCapitalPower.com) – discussed how sustainable practices, localized supply chains and integrated mining operations will help secure critical minerals supplies of the future.

Moderated by Olimpia Pilch, Founder and COO of Critical Minerals International Alliance, the panel featured Kwasi Ampofo, Head of Metals and Mining, BloombergNEF; Alex Benkenstein, Head of the Climate and Natural Resources Programme, South African Institute of International Affairs (SAIIA); Dr. Marit Y. Kitaw, Interim Director, African Minerals Development Center (AMDC); Deshan Naido, Managing Director, AQORA; and Duma Sisulu, Co-Founder&Chief Analyst, Parime Battery Minerals.

The panel sought to explore the future of Africa’s minerals economy in light of growing demand for clean energy technologies and mounting pressure to decarbonize existing mining activities and maximize resource efficiency.

Speaking to the scope of demand growth for energy transition mineral and metals, Kwasi Ampofo noted: “We currently use 50 million metric tonnes of metals going into transition technologies and accompanying infrastructure. By 2050, if we reach the scenario based on current policies and economics, we will need about 140 million metric tonnes. If we reach the net-zero scenario, this goes up to 250 million metric tonnes.”

In evaluating the strength of Africa’s currently local and regional supply chains, panelists evaluated strategies that can be implemented to ensure their resilience and build more localized value chains, which can help achieve market stability.

“There’s a lot of discussion around demand, but we don’t see the same enthusiasm around funding supply. There is a shortfall in supply, which then spikes demand. Every time the price drops – for example, in nickel – there will be producers who are unable to match the current supply at that price. We will then have a continuation of these supercycles, which is not sustainable,” commented Duma Sisulu.

“If the critical minerals supply chain doesn’t change, then we have failed as Africans. We have the opportunity to do what the international oil giants did 50-60 years ago. We have the bargaining power for the deposits that sit on the continent,” said Deshan Naido.

According to the panel, the future of Africa’s critical minerals will involve mining companies diversifying their operations across multiple sectors, while fostering synergy among mining and energy sectors, owing to Africa’s acute energy deficit. Establishing value-added activities will also be essential to maximizing resource efficiency and ensuring the sustainability of the extractive sector.

“Africa does not have to accept its position within global supply chains… Mineral processing is energy intensive and requires a steady supply. This is not an absolute barrier – it can be rectified – which has been seen by the influx of investment by mining companies in South Africa to invest heavily in renewable energy technologies,” stated Alex Benkenstein. 

“The only way to transform lives is to add value – job creation, skills transfer, economies of scale, transformation and growth. This gives us the opportunity to set the agenda — we need processing, refining and value addition,” emphasized Dr. Marit Y. Kitaw.

The Critical Minerals Africa 2023 summit is currently taking place from October 17-19 and serves to position Africa as the primary investment destination for critical minerals. The event is held alongside the African Energy Week 2023 conference (https://AECWeek.com/) on October 16-20, offering delegates access to the full scope of energy, mining and finance leaders in Cape Town.

Distributed by APO Group on behalf of Energy Capital&Power.

You Might Also Like

Mahama orders probe into excessive shipping line charges in Ghana

Gbande refutes allegations of involvement in Ablekuma North rerun violence

A/R: Peprah refutes claims of obstructing Police Anti-Galamsey operation

Oil funds for ‘Big Push’ will be efficiently used – Mahama to PIAC

President Mahama appoints Principal of BTPOTC to Allied Health Professions Council Board

Share This Article
Facebook Twitter Email Print
Share
Previous Article Critical Minerals Africa Summit Kicks off with High-Level Ministerial Forum
Next Article Black Excellence in the Spotlight #AEW2023

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?