IMF: Metal Production Value in Sub-Saharan Countries Set to Soar

According to a report by citing Bloomberg, the International Monetary Fund (IMF) estimates that by 2050, the value of metals required for energy transition in Sub-Saharan African countries could reach nearly $2 trillion.

In an article published on April 19, the IMF predicted that under the scenario envisioned, the global production value of copper, cobalt, lithium, and nickel priced in dollars could amount to $16 trillion over the next 25 years. The report suggests that Sub-Saharan African countries would account for about 12% of this total value.

As demand for minerals surges due to the rise of electric vehicles and renewable energy equipment, the Democratic Republic of the Congo’s cobalt production already constitutes 75% of global output and has become the world’s second-largest copper producer. Countries including Zimbabwe, Ghana, and Mali aim to become significant lithium producers.

The IMF stated that “the boom in the mineral markets offers a great opportunity for Sub-Saharan countries,” and that investing in local processing capacities could yield greater benefits. However, the IMF also warned that rapid advancements in technology, especially in power batteries, could render “certain minerals obsolete.”

During the same period, the IMF estimates that fossil fuel sales in Sub-Saharan countries are projected to total $625 billion.

[Source – 上海有色网] IMF:撒哈拉以南国家金属产值将飙升

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