EY and Africa Business+ introduce a new data explorer, 'Critical Minerals: The Pivotal Outlook,' shedding light on significant critical mineral assets on the continent.

With Africa boasting 85% of global manganese, 80% of platinum, and 47% of cobalt reserves, investor interest is on the rise. EY and Africa Business+, the premium deal-focused platform from Jeune Afrique Media Group, have joined forces to unveil Critical Minerals: The Pivotal Outlook, an innovative tool born from months of research encompassing 254 projects across 27 African nations

This unique panel includes an interactive map, a table, and dynamically interconnected graphs, providing a comprehensive view of the continent's primary mining assets in eight minerals for the energy transition: bauxite, cobalt, copper, graphite, lithium, manganese, nickel, and platinum.

Among the key findings is that 59% of critical metals projects are concentrated in South Africa, the Democratic Republic of Congo, and Zambia, with 30%, 19%, and 10% of projects, respectively. Emerging projects in Burkina Faso (manganese), Togo (manganese), Angola (copper), and Uganda (lithium, graphite) signal a shift in the landscape

While three-quarters of capital traditionally favor cobalt/copper/nickel, a notable shift towards unique minerals like lithium and graphite is evident—constituting 34% of projects in exploration or study phases.

Article source: theafricareport