Investment Insights. Stay Ahead.

EU wants more critical minerals deals with African countries

The European Union is currently in negotiations with the Democratic Republic of Congo, and plans talks with other African countries, to boost the economic bloc’s supply of critical minerals for it’s energy transition.

“We expect, in the near future, to launch negotiations with other countries in the Great Lakes region, particularly Rwanda, Uganda, Zambia and perhaps Tanzania as well”
— Elisabetta Sartorel, the EU’s policy officer on critical raw materials

Europe’s trillion-dollar Green Deal Investment Plan aims to mobilize €1 trillion (US$1.1 billion) in spending to cut carbon emissions by 55% by 2030. In March, the EU issued its Critical Raw Materials Act (CRM) in March that aims increase the EU’s domestic production of critical raw materials, develop recycling technologies and build strategic partnerships.

The announcement was made in a virtual presentation to the Zimbabwe Chamber of Mines annual general meeting.

Zimbabwe holds some of the world’s largest hard rock lithium reserves and was the sixth largest lithium producer in the world in 2021, according to US Geological Survey data.

Read more on our analysis of the Zimbabwe:

The emerging lithium powerhouse you never heard of

Disclaimer

The Oregon Group has full editorial control over all content published on this website and the author has not been compensated or remunerated by any person to provide content for The Oregon Group, and all statements and expressions herein are the sole opinion of The Oregon Group. However, from time to time, The Oregon Group and its directors, officers, partners, employees, authors, or members of their families, as well as persons who are interviewed for articles on this website, may have a long or short position in securities or commodities mentioned and may make purchases and/or sales of those securities or commodities in the open market or otherwise. By accessing and using this website, readers are cautioned to assume that each of the foregoing persons may have a financial interest in all companies and sectors mentioned on this website. Any projections, market outlooks or estimates herein are forward looking statements and are inherently unreliable., and any such statements are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur. Other events that were not taken into account may occur and may significantly affect the returns or performance of the securities or commodities discussed herein. The information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and The Oregon Group undertakes no obligation to correct, update or revise the information in this document or to otherwise provide any additional material. The information provided on this website is for informational purposes only and is not, directly or indirectly, an offer, solicitation of an offer and/or a recommendation to buy or sell any security or commodity, and the information provided on this website should not be construed as any advice or an opinion as to the price at which the securities of any company or commodity may trade at any time. The Oregon Group is a publisher of financial information, not an investment advisor. We do not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient, and the information provided on this website is not and should not be construed as personal, financial, investment or professional advice. Readers are cautioned to always do their own research and review of publicly available information and to consult their professional and registered advisors before purchasing or selling any securities or commodities and should not rely on the information contained herein. Neither The Oregon Group nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. By using the Site or any affiliated social media account, you are indicating your consent and agreement to this disclaimer and our terms of use. Unauthorized reproduction of this newsletter or its contents by photocopy, facsimile or any other means is illegal and punishable by law.