South Africa, as one of the biggest producers of platinum in the world and also endowed with many so-called green minerals of the future, has a keen interest in the unfolding discussions about Africa’s role in beneficiating and creating renewable energy industries on the continent. Forestry, Fisheries and Environment Minister Barbara Creecy told City Press at the COP28 conference that African countries broached the subject at the Africa Climate Summit in Kenya in September.
Africa stands in a good position to blaze the trail in the green energy industry. The continent has 53% of global cobalt reserves, 25% of bauxite, 21% of graphite, 6% of copper, 46% of manganese, 35% of chromite, 79% of phosphate rock and 91% of platinum group metals, according to the United States Geological Survey. Beyond reserves, Africa accounts for an even greater share of the current production of these minerals, including a commanding 70% of cobalt—crucial for electric vehicle batterie
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