Wood Mackenzie, in collaboration with the Future Minerals Forum, has unveiled a white paper proposing the creation of a minerals “Super Region” comprising Africa, the Middle East, Central Asia, and South Asia. This initiative is positioned to significantly contribute to a successful energy transition by establishing the Super Region as a global leader in minerals and clean energy technologies production. Africa, with its vast mineral resources including 79% of global cobalt reserves, 44% of global manganese, and 21% of global graphite, emerges as a key player in the Super Region. The Middle East is identified as a potential financial and experiential hub, offering solutions to some of Africa’s challenges. With sovereign wealth funds controlling trillions of dollars and experience in foreign investments, the Middle East can play a pivotal role.

Source: The North Africa Journal January 12, 2024 07:02 UTC