Connect with us

Energy

Africa’s Critical Minerals and the Future of the Global Energy Transition

Published

on

Africa

Africa’s critical minerals – cobalt, lithium, copper and PGMs – are central to the global energy transition, powering clean technologies and EVs

JOHANNESBURG, South Africa, January 13, 2026/APO Group/ –As the world accelerates its shift from fossil fuels to clean energy technologies, Africa is emerging as a central player in supplying the minerals that underpin this transformation. According to the African Energy Chamber’s (AEC) (https://EnergyChamber.org) State of African Energy 2026 Outlook, the continent’s abundant reserves of critical minerals – including cobalt, lithium, copper and platinum group metals (PGMs) – position it at the heart of global supply chains essential for renewable energy deployment and electric vehicle (EV) adoption.

 

Global Demand and Supply Dynamics

The energy transition is driving unprecedented demand for minerals critical to clean technologies. Solar panels, wind turbines, EV batteries and energy storage systems require significantly more cobalt, lithium and nickel than conventional energy systems. Forecasts indicate that global demand for these minerals could increase up to five-fold by 2035 compared to 2023 levels. Despite surging demand, global supply faces pressure from potential deficits toward the end of the decade. Questions around sourcing, sustainability and project development are intensifying as geopolitical tensions, concentrated refining capacities and supply chain vulnerabilities highlight the need for diversified and reliable sources of critical minerals.

Africa hosts some of the world’s richest deposits of critical minerals, making the continent indispensable to the energy transition. In 2024, Africa led global production of cobalt, copper, gold and PGMs, while rapidly expanding its lithium sector. The Democratic Republic of Congo (DRC), Zambia, Zimbabwe, Mali, Namibia, South Africa and Morocco are at the forefront of production. China has long been the largest foreign investor in Africa’s mining sector, leveraging government-backed initiatives such as the Belt and Road Initiative to secure resource access. More recently, the U.S. and EU have increased engagement, prioritizing strategic partnerships, infrastructure investments and cooperation agreements to secure mineral supply chains and support responsible mining practices.

Africa’s mineral wealth is not just a resource; it is a strategic asset for the global energy transition

Cobalt and Lithium: Africa’s Strategic Role

Cobalt remains a cornerstone of lithium-ion battery production. The DRC dominated global cobalt supply in 2024, with top mines including Kisanfu (51.92 kt, 19.95% of global production), Tenke Fungurume (48.08 kt), and Kamoto (27.2 kt). Together, these operations accounted for more than 50% of global cobalt output, highlighting Africa’s central position in this critical sector. The DRC is implementing strategies to capture more value domestically, developing refining capacity to convert cobalt hydroxide into higher-value cobalt metal. Ethical production, traceability and environmental standards are emphasized to position the country as a responsible supplier. Temporary cobalt export bans in 2025 helped stabilize global prices, and the government is now considering flexible export quotas to balance market stability with producer profitability.

Africa produced 124,230 tons of lithium carbonate equivalent (LCE) in 2024, primarily from hard rock spodumene deposits. Zimbabwe leads the continent’s output, with Mali, Namibia, South Africa, Ghana and the DRC ramping up production. The continent holds 26.7 million tons of identified lithium resources, representing 5% of the global total. Morocco currently hosts viable battery-grade chemical refining, while Zimbabwe is advancing a $450 million refinery at the Mapinga Industrial Park. African lithium production costs, ranging from $250 to $650 per ton of spodumene concentrate, remain competitive against the global benchmark of approximately $800 per ton in Australia. State participation is increasing, with Mali, Ghana and Zimbabwe mandating national equity stakes to retain economic benefits and ensure long-term strategic value from lithium development.

Africa’s Central Role in the Energy Transition

Securing African critical mineral supply chains is a global priority. The U.S., through the Development Finance Corporation (DFC) and the Minerals Security Partnership, has invested over $200 million in African mining projects. These initiatives focus on infrastructure development, responsible sourcing and local battery production in collaboration with the DRC and Zambia. Projects like the Lobito Corridor, a rail link connecting Zambia and Angola, aim to create a transcontinental trade route to facilitate mineral exports. Backed by a $553 million DFC loan and EU support, this corridor exemplifies how infrastructure investments are critical to connecting African mining hubs to global markets efficiently and sustainability.

“Africa’s mineral wealth is not just a resource; it is a strategic asset for the global energy transition. By fostering local beneficiation, ethical production, and sustainable supply chains, Africa can drive industrialization, create jobs, and secure its position at the heart of the clean energy economy,” states NJ Ayuk, Executive Chairman, AEC.

Africa’s critical mineral reserves are essential for global energy security and the clean energy transition. With ongoing exploration, investment in refining capacity, and strategic partnerships, the continent is poised to expand its role in supplying the minerals needed for a decarbonized future.

Distributed by APO Group on behalf of African Energy Chamber.

Energy

International Energy Forum (IEF) Chief to Bring Global Energy Perspective to Libya Energy & Economic Summit (LEES) 2027

Published

on

Secretary General of the International Energy Forum (IEF) Jassim Alshirawi is set to bring international energy policy expertise to discussions on Libya’s multi-billion-dollar investment pipeline and production expansion strategy

TRIPOLI, Libya, November 5, 2026/APO Group/ –International Energy Forum (IEF) Secretary General Jassim Alshirawi will participate as a speaker at the Libya Energy & Economic Summit (LEES) 2027, taking place in Tripoli on January 23–25. His participation will bring international energy policy expertise to discussions on Libya’s production ambitions, infrastructure development and integration into global energy markets.

 




  

Libya is pursuing a $36 billion energy investment program to expand production, develop infrastructure and attract international capital. The country aims to increase oil output to two million barrels per day by 2030–31, creating investment opportunities across upstream operations, gas development and downstream infrastructure. Delivering these ambitions will require financing, technical expertise and sustained cooperation between domestic institutions and international energy companies.

Alshirawi’s experience in international energy cooperation offers relevant perspectives as Libya works to strengthen its position in global markets. The IEF brings together energy-producing and consuming countries to facilitate dialogue on market stability, security of supply and investment. These priorities intersect with Libya’s efforts to mobilize capital, develop its hydrocarbon resources and establish the infrastructure required to support long-term production growth.

Appointed the IEF’s sixth Secretary General, Alshirawi assumed office on January 1, 2025, following his election on June 25, 2024. He brings more than 40 years of experience across the public and private energy sectors, including senior executive positions at Bahrain Petroleum Company and Bahrain’s Ministry of Oil, alongside advisory responsibilities to Bahrain’s oil and gas minister.

His professional background also includes contributions to Bahrain’s renewable energy and energy efficiency planning. Before becoming Secretary General, Alshirawi served seven years on the IEF Executive Board and nine years in its International Support Group, building extensive experience in institutional cooperation and international energy policy.

Libya became the IEF’s 72nd member country in January 2023, strengthening its participation in international energy dialogue and the Joint Organisations Data Initiative. Membership provides a platform for engagement on energy data transparency and market developments, supporting Libya’s efforts to deepen international cooperation as it pursues investment and production targets.

LEES 2027 will bring government representatives, national oil companies, international operators, investors and financial institutions to Tripoli to examine commercial opportunities across Libya’s energy sector. Alshirawi’s participation will contribute an international policy perspective to discussions on financing, infrastructure integration and the partnerships required to advance the country’s energy development objectives.

For more information about LEES 2027, visit www.LibyaSummit.com. To sponsor or participate as a delegate, contact sales@energycapitalpower.com.

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

 

 




 

Continue Reading

Business

South Sudan Seeks Technical Partnerships to Accelerate Oil & Gas Development

Published

on

South Sudan’s energy renaissance is creating strategic entry points for local service companies as operators pursue production growth, brownfield expansion and new exploration frontiers

JUBA, South Sudan, November 5, 2026/APO Group/ –South Sudan’s plans to increase crude production from approximately 174,000 barrels per day (bpd) to 230,000 bpd in the near term are creating opportunities for both local and international service companies across exploration, engineering, logistics, infrastructure development and technical support. With 14 exploration blocks available and a longer-term production target of 450,000 bpd, expanding domestic supplier capacity and strengthening partnerships with international operators will be critical to supporting the country’s petroleum development ambitions.

 




  

The upcoming South Sudan Oil & Power (SSOP) conference – scheduled for November 24–25, 2026, in Juba – will connect service providers, engineering contractors, technology leaders, legal advisors and training institutions with project developers. Returning for its seventh edition, SSOP 2026 will feature technical workshops, high-level panel discussions and project showcases designed to translate market opportunities into tangible projects across the upstream, midstream and downstream sectors.

Strategic Frameworks Drive Exploration and Downstream Infrastructure

Recent bilateral and corporate milestones demonstrate South Sudan’s commitment to combining international expertise with physical infrastructure development. In July 2026, the Ministry of Petroleum signed a memorandum of understanding with UAE-based Bianchi Gold Trading Investment Company, establishing a strategic framework for cooperation across exploration, midstream storage, refining, technical studies and workforce capacity building. As these initiatives progress, they could generate demand for engineering contractors, technical consultants, construction firms and equipment suppliers.

https://apo-opa.co/481LnEQ

Meanwhile, the South African National Petroleum Company (SANPC), through its subsidiary Strategic Fuel Fund, is advancing exploration preparations at Block B2 in Greater Jonglei State. Following an aerial geophysical survey covering approximately 47,000 km² in 2024, the company has pursued terrain reconnaissance services to support a planned 2D seismic campaign. These activities illustrate opportunities for geophysical specialists, surveying companies, logistics providers and other technical contractors. SANPC CEO Godfrey Moagi is speaking at SSOP 2026.

https://apo-opa.co/4jSHs4p

Beyond exploration, South Sudan’s proposed petroleum infrastructure developments offer further potential for service companies. National oil company Nile Petroleum Corporation is pursuing a proposed 350-kilometre crude pipeline connecting the Tharjiath oilfields in Block 5A with the Paloch oilfields in Blocks 3 and 7, alongside refinery development and downstream expansion plans. If advanced, these projects would require engineering, construction, equipment supply and operational support.

Local Content Framework Supports Domestic Participation

South Sudan’s Petroleum Act provides a framework for increasing domestic participation in the oil and gas industry. The Act is designed to ensure that oil and gas activities benefit local communities, while supporting domestic enterprises through employment, procurement and equity partnerships. Local Content Regulations put into effect in 2019 further strengthen these obligations, positioning local companies at the forefront of the country’s oil and gas expansion.

https://apo-opa.co/4jUct89

The government has also sought to improve oversight, while strengthening its own technical capacity. In May 2026, the Ministry of Petroleum partnered with the African Legal Support Facility and international law firm Pinsent Masons to deliver specialized technical workshops for government officials. The training enhances local expertise in petroleum contract negotiations, fiscal framework design and regulatory compliance, ensuring that incoming investments align with national value retention goals.

https://apo-opa.co/4jZgV5A

SSOP 2026 Connects Service Companies with Project Opportunities

As South Sudan seeks to expand production and develop petroleum infrastructure, service companies will play an important part in delivering the technical capabilities required to move projects forward. SSOP 2026 provides a bridge between the country’s leading operators and service companies seeking to expand their footprint across the market.

Through dedicated technical sessions and executive networking opportunities, the conference will provide opportunities for companies to identify potential contracts, establish local and international partnerships and position themselves for future work across exploration, production optimization, refining and petroleum transportation.

For more information, visit https://SouthSudanOilPower.com.

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

 

 




 

Continue Reading

Business

Standard Bank, Mozambique Oil and Gas Chamber Position Micro, Small and Medium-Sized Enterprises (MSMEs) at the Center of Major Energy Projects

Published

on

As multi-billion-dollar LNG projects advance toward FID and commissioning, Standard Bank and the Mozambique Oil and Gas Chamber are positioning local SMEs at the forefront of project development

JOHANNESBURG, South Africa, November 5, 2026/APO Group/ –Standard Bank and the Mozambique Oil and Gas Chamber have signed a memorandum of understanding (MoU) to support the development and integration of micro, small and medium-sized enterprises (MSME) across the country’s energy value chain. Combining business capacity building, access to finance and connections with major operators, the partnership aims to help Mozambican companies compete for contracts as multi-billion-dollar projects advance toward commissioning.

 




  

Representing the voice of the African energy sector, the African Energy Chamber (AEC) recognizes the partnership as a vital step toward strengthening local participation across the energy sector. Signed in Maputo this week, the MoU addresses one of the biggest challenges faced by the industry: ensuring that domestic companies have the financial resources, technical capabilities and commercial connections needed to benefit from large-scale investments. By bringing financial institutions and leading operators together, the initiative offers a practical model for translating Mozambique’s growing energy investment pipeline into sustainable opportunities for local businesses.

“Mozambique is attracting billions of dollars into LNG development, but the true measure of success will be how much of that investment reaches local companies, creates jobs and builds lasting industrial capacity. Standard Bank and the Mozambique Oil and Gas Chamber are demonstrating exactly the kind of partnership Africa needs to turn major energy investments into opportunities for African businesses,” states NJ Ayuk, Executive Chairman of the AEC.

A Mozambican entrepreneur should not lose a contract simply because they cannot access working capital or meet procurement requirements without support

The partnership comes as Mozambique advances a series of major LNG projects toward commissioning. TotalEnergies’ Mozambique LNG project, designed to produce 13.1 million tons per annum (mtpa), is targeting first production by 2029. Development is progressing, with more than 4,000 workers currently mobilized at the Afungi site. ExxonMobil is also advancing the Rovuma LNG project toward a 2028-start. The company recently selected an engineering and procurement contractor for the planned 18.6-mtpa project.

Meanwhile, at African Energy Week 2026, Eni announced that it would begin drilling at the $7.2 billion Coral Norte FLNG project in early November. With a planned capacity of 3.6 mtpa, the project will double Mozambique’s LNG output to approximately 7 mtpa. Eni currently produces from the Coral Sul project, which came online in 2022. These projects are not only cementing the country’s position as a global LNG exporter, but are creating a substantial pipeline of opportunities for local MSMEs.

Stepping into this picture, the recent partnership between Standard Bank and the Mozambique Oil and Gas Chamber positions local companies at the forefront of these projects. According to Florival Mucave, President of the Mozambique Oil and Gas Chamber, the partners “aim to ensure that, as business opportunities emerge in connection with the supply chains of LNG projects, Mozambican companies not only know about these opportunities but are also increasingly prepared.”

Financing is at the core of the MoU. Mucave cited a MozUp 2024 study which showed that out of 104 suppliers surveyed, only 27% had bank loans, while 84% relied on informal financing avenues that covered about half of their business needs. The partnership addresses this challenge by connecting companies directly to financiers, while providing broader support across training and business preparation.

“A Mozambican entrepreneur should not lose a contract simply because they cannot access working capital or meet procurement requirements without support. We commend Standard Bank and the Mozambique Oil and Gas Chamber for moving beyond commitments to local content and putting practical solutions in place to help domestic businesses compete and grow,” Ayuk added.

Distributed by APO Group on behalf of African Energy Chamber.

 




 

Continue Reading

Trending

Exit mobile version