EU Invests €50M in DRC Strategic Minerals

The €50 million package represents part of a $300 billion budget announced by the EU aimed at helping African countries boost key infrastructure projects across the energy and productive sectors.

With the demand for critical minerals rapidly expanding – driven by the energy transition and an acceleration in the deployment of technologies such as solar panels, battery energy storage and electric vehicles – the DRC’s untapped critical minerals are set to play a crucial role in global supply chains.

With significant quantities of lithium, manganese, rare earth and cobalt reserves – the DRC holds approximately 50% of global cobalt reserves – the International Monetary Fund forecasts the country’s gross domestic product growth to reach 6.7% in 2023 from 6.1% in 2021, backed by the vast investment opportunities for global firms across the country’s mining sector.

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Energy Capital & Power

Energy Capital & Power

Energy Capital & Power is the African continent’s leading investment platform for the energy sector. Through a series of events, online content and investment reports, we unite the entire energy value chain – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.
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