DRC Minerals on the Table | 03.11.2025
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Headlines
US in Exploratory Talks with DRC Over Mineral Deal
USGS Projects Global Lithium, Cobalt Capacity Will Nearly Double; Others Stay Flat From 2025 to 2029
Lagos GDP Hits $259 Billion, Ranks as Africa’s Second-Largest City Economy
Ethiopian Airlines Building Africa’s Largest Airport
🎦 US Will No Longer Impede Africa’s Energy Development
Nigerian Distributed Renewable Energy Fund Targets $500 Million
🎦 WTO Chief Says “Cool Heads” Required to Deal With Global Changes
SCB Progressing With Plans to Sell Retail Banking Division in Zambia
Nigeria Aims to Overtake Ghana as Second-Largest Cocoa Producer
Africa
📰 US in Exploratory Talks with DRC Over Mineral Deal
The DRC has approached the US to trade access to its vast mineral reserves for political and security support. President Tshisekedi faces ongoing conflict in the east, where rebels have seized mineral-rich territories. With China currently dominating the DRC’s mineral sector, establishing a direct and ethical supply chain for the West could represent a win-win…Read More
📰 USGS Projects Global Lithium, Cobalt Capacity Will Nearly Double; Others Stay Flat From 2025 to 2029
The world’s capacity to produce cobalt and lithium, two elements critical to the batteries used to power mobile devices, tools and vehicles, is expected to double over the next five years. Capacity for gallium, palladium, platinum and helium is expected to remain stable… Read More
📰 Lagos GDP Hits $259 Billion, Ranks as Africa’s Second-Largest City Economy
According to the Lagos Economic Development Update report, Lagos is now the second-largest city economy in Africa, trailing only Cairo, Egypt. However, skeptics may question the reliability of city-level economic data, which is often inconsistent. Additionally, the report measures economic size using purchasing power rather than nominal GDP—a methodology that may disadvantage cities like Johannesburg, where the economy is more formalized and structured… Read More
📰 Ethiopian Airlines Building Africa’s Largest Airport
The new four-runway airport is slated to serve 110 million passengers annually with the second phase concluding in 2029…Read More
🎦 USG Will No Longer Impede Africa’s Energy Development
U.S. Department of Energy (DOE) Secretary Chris Wright said the days of the US “shamelessly” telling Afria what its energy mix should be are over.
“That’s just nonsense, 100 percent nonsense,” he said. “Coal transformed our world and made it better, extended life expectancy and grew opportunities, and coal globally will be the largest source of electricity for decades to come. That’s not a policy, that’s not a desire, that’s just a reality.”
📰 Nigerian Distributed Renewable Energy Fund Targets $500 Million
The fund backed by the Nigerian Sovereign Investment Authority and the UN’s Sustainable Energy For All organization, known as SEforALL, will be managed by Africa50, an infrastructure investor established by the African Development Bank. Nigerian pension funds will also invest…Read More
🎦 WTO Chief Says “Cool Heads” Required to Deal With Global Changes
📰 SCB Progressing With Plans to Sell Retail Banking Division in Zambia
Standard Chartered Bank is a leading bank in Zambia and says investor interest is high and that sale is expected to take place in 18 to 24 months… Read More
📰 Nigeria Aims to Overtake Ghana as Second-Largest Cocoa Producer
Nigeria is currently placed fourth in cocoa production behind Ivory Coast, Ghana and Indonesia with about 2.2 million metric tonnes; 800,000 metric tonnes; and 739,483 metric tonnes, respectively, while Nigeria with 340,000 metric tonnes is targeting 500,000 metric tonnes by the end of this year.… Read More