Reported about 1 year ago
The central and southern regions of Africa are rich in resources such as copper and cobalt, essential materials for electric vehicle batteries, attracting the attention of the US, Japan, and Europe to increase investments as a counterbalance against China. In an effort to improve their economic situation and reduce dependency on China, African countries in the region are also promoting investments from US, Japan, and Europe. For example, Zambia aims to increase copper production to 3 million tons by 2031 and has welcomed investments from any country. This move is seen as a response to the concentrated economic security risk posed by China's dominance in mineral resource processing in the region.
Source: YAHOO