South Africa and EU Strike Landmark Deal for Critical Minerals
South Africa and the European Union have signed a partnership to secure critical minerals. The deal, announced on Thursday, November 20, focuses on metals essential for renewable energy, computing, and defence. It comes as Africa hosts the G20 summit, highlighting the continent’s economic growth and mineral resources.
The agreement was finalised between South African President Cyril Ramaphosa and European Commission President Ursula von der Leyen. Under the pact, South Africa will process minerals locally before export, aiming to climb higher in the global value chain. This shift could boost the country’s industrial capacity and create more jobs.
The new partnership strengthens ties between Africa and the EU in the minerals sector. Local processing of critical metals could reshape the continent’s role in global supply chains. Meanwhile, the G20 summit continues, with Africa pushing for greater international collaboration.
Read also:
- American teenagers taking up farming roles previously filled by immigrants, a concept revisited from 1965's labor market shift.
- Weekly affairs in the German Federal Parliament (Bundestag)
- Landslide claims seven lives, injures six individuals while they work to restore a water channel in the northern region of Pakistan
- Escalating conflict in Sudan has prompted the United Nations to announce a critical gender crisis, highlighting the disproportionate impact of the ongoing violence on women and girls.
