Mineral Production Growth
Search documents
Africa’s mining sector poised for sustained growth driven by critical minerals and policy reforms
Yahoo Finance· 2025-10-22 16:02
Group 1: Mineral Production in Africa - Africa is a significant global hub for mineral production, holding 79.3% of total PGM reserves, 61.7% of chromium reserves, and substantial shares of cobalt (54.5%), manganese (36.5%), diamonds (32.4%), bauxite (25.5%), copper (8.2%), gold (7.8%), and lithium (1.6%) [1] - The region accounted for nearly 80.3% of global platinum production in 2024, with a forecasted decline of 6.4% in 2025 due to heavy rains and operational challenges [2] - South Africa produced 71.5% of global platinum and 42.7% of chromium in 2024, facing structural issues like high electricity costs and labor inefficiencies [3] Group 2: Cobalt and Copper Production - The Democratic Republic of Congo (DRC) accounted for 97.2% of Africa's cobalt production in 2024, with a projected growth of 2.5% in 2025 [4] - DRC's copper production is expected to grow at a CAGR of 3.3% through 2030, supported by expansions at various projects [4] - Africa's second-largest copper producer is forecast to see a 19.2% increase in copper production in 2025, reaching 937.5 kilotonnes, driven by higher output from ZCCM Investment Holdings' Mopani mine [4]