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Vol. I · No. 128
TheNews.TheMoneχus.
Saturday Ed.
Saturday, 18 April 2026
Updated 13:23 UTC
← back to Saturday edition
Business · Economy

Resource Nationalism: Africa's Critical Minerals and the New Scramble for Africa

The world needs Africa's minerals. Who will control them?

The world is running out of minerals. And Africa has them.

Lithium. Cobalt. Coltan. Rare earth elements. Manganese. Graphite.

These aren't just commodities. They're the building blocks of the 21st century economy — electric vehicles, renewable energy, smartphones, AI systems.

And Africa holds 30-60% of the world's reserves of many of these critical minerals.

The question isn't whether these resources will be extracted. It's: Who will control them? Who will benefit? Who will set the terms?

This is resource nationalism — and it's reshaping global power dynamics.


The New Scramble for Africa

The Players

  • Western corporations — Tesla, Apple, BMW, Total
  • Chinese companies — CATL, BYD, Huayou Cobalt
  • Western governments — US, EU Critical Minerals Agreements
  • Chinese state — Belt and Road, mineral concessions
  • African governments — negotiating terms, setting policies
  • African communities — living with extraction impacts

The Stakes

  • Electric vehicle batteries — need lithium, cobalt, graphite
  • Renewable energy storage — need lithium, manganese
  • Electronics — need coltan, rare earths
  • Defense systems — need rare earths, cobalt
  • AI hardware — need rare earths, graphite

Who controls these inputs controls the technologies of the future.


The Colonial Legacy

Historical Extraction

  • Colonial powers extracted Africa's resources — gold, diamonds, rubber, ivory
  • Post-colonial corporations continued extraction — oil, copper, uranium
  • Structural adjustment forced export-oriented economies
  • Trade agreements locked in resource dependency

Result: Africa's wealth extracted for foreign benefit.

Current Dynamics

  • Western companies control processing and manufacturing
  • Chinese companies dominate refining and battery production
  • African nations export raw materials, import finished products
  • Value captured outside Africa, not within

This is resource colonialism with new minerals.


The Resource Nationalism Response

Faced with this reality, African nations are asserting control:

1. Export Bans and Restrictions

  • Zimbabwe — lithium concentrate export ban (2022)
  • DRC — cobalt export restrictions
  • Namibia — rare earth export controls
  • Ghana — lithium mining license requirements

The principle: Process domestically before exporting.

2. State Participation and Ownership

  • DRC — state-owned mining company (Gécamines)
  • Zambia — state participation in copper mines
  • Botswana — diamond beneficiation requirements
  • South Africa — mineral rights frameworks

The principle: African states as owners, not just regulators.

3. Regional Cooperation

  • African Mining Vision — continental framework
  • ECOWAS mining protocols — regional coordination
  • SADC mineral cooperation — southern African collaboration
  • East African mineral partnerships — cross-border processing

The principle: Collective bargaining through regional unity.

4. Value Addition Requirements

  • Beneficiation mandates — process before export
  • Local content rules — African suppliers, workers
  • Technology transfer — skills and knowledge sharing
  • Downstream development — manufacturing, not just extraction

The principle: Capture value within Africa.


The Critical Minerals

Cobalt (DRC: 70% of world supply)

  • Uses: EV batteries, aerospace, electronics
  • Challenges: Artisanal mining, child labor, environmental damage
  • Nationalism response: Export restrictions, state participation, processing requirements
  • Foreign interest: China dominates refining (80% of cobalt refining)

The question: Can DRC capture more value from its cobalt?

Lithium (Zimbabwe, DRC, Namibia, Ghana)

  • Uses: EV batteries, energy storage, electronics
  • Challenges: Water-intensive extraction, community displacement
  • Nationalism response: Export bans, processing mandates, local beneficiation
  • Foreign interest: Chinese companies dominate processing

The question: Can Africa build its own battery industry?

Coltan (DRC, Rwanda, Nigeria)

  • Uses: Smartphones, electronics, capacitors
  • Challenges: Conflict minerals, smuggling, environmental damage
  • Nationalism response: Traceability requirements, export controls
  • Foreign interest: Tech companies need reliable, ethical supply

The question: Can Africa ensure ethical extraction while capturing value?

Rare Earths (South Africa, Namibia, Kenya)

  • Uses: Electronics, renewable energy, defense systems
  • Challenges: Environmental damage, complex processing
  • Nationalism response: Processing requirements, export restrictions
  • Foreign interest: China controls 60% of rare earth production

The question: Can Africa challenge China's rare earth dominance?

Manganese (South Africa, Gabon, Ghana)

  • Uses: Steel production, batteries
  • Challenges: Environmental damage, community impacts
  • Nationalism response: Processing requirements, local content rules
  • Foreign interest: Steel and battery industries

The question: Can Africa capture more value from its manganese?


The Chinese Factor

China's Strategy

  • Belt and Road Initiative — infrastructure for mineral access
  • State-owned enterprises — strategic investments in African mining
  • Processing dominance — controls 80% of cobalt refining, 60% of rare earths
  • Battery manufacturing — dominates global EV battery production
  • Long-term contracts — locks in supply relationships

Result: China has positioned itself as the primary processor of African minerals.

The Implications

  • Dependency — African nations sell to Chinese processors
  • Price control — China influences global prices through processing dominance
  • Technology gap — Processing technology concentrated in China
  • Political influence — Economic relationships shape political alignments

The challenge: Can Africa build its own processing capacity?


The Western Response

Critical Minerals Agreements

  • US-EU Critical Minerals Agreement — diversifying away from China
  • Mineral Security Partnership — coordinating Western access
  • DRC-US memorandum — securing cobalt supply
  • Zambia-US cooperation — copper and cobalt partnerships

The message: Western powers want African minerals, but on their terms.

The Terms

  • Processing elsewhere — Western countries want raw materials, not value addition in Africa
  • Technology control — Western companies maintain processing technology
  • Market access — Western markets for finished products, not African-processed minerals
  • Conditional financing — loans and investments tied to supply agreements

This isn't partnership. It's resource extraction with new partners.


The Real Choice forAfrican nations face a fundamental choice:

Option 1: Export Raw Materials

  • Sell unprocessed minerals to China or the West
  • Accept market prices set by processors
  • Limited value capture — raw material prices, not processed product prices
  • Continued dependency — technology and markets controlled elsewhere

This is resource colonialism.

Option 2: Build Processing Capacity

  • Invest in refining — capture value through processing
  • Develop manufacturing — batteries, electronics, finished products
  • Create markets — regional and continental demand
  • Control technology — build local expertise

This is resource nationalism.

Option 3: Regional Cooperation

  • Pool resources — pan-African processing facilities
  • Share technology — knowledge transfer across borders
  • Collective bargaining — negotiate as a bloc, not individual nations
  • Build continental markets — African demand for African-processed products

This is resource sovereignty.


The Path Forward

Immediate (1-2 years)

  1. Strengthen export controls — require processing before export
  2. Negotiate better terms — demand technology transfer,3. Build regional cooperation — coordinate across borders
  3. Invest in processing — start with beneficiation

Medium-term (3-5 years)

  1. Build refineries — cobalt, lithium, rare earth processing
  2. Develop manufacturing — batteries, electronics components
  3. Create technical expertise — training African engineers
  4. Establish markets — African and Global South demand

Long-term (5-10 years)

  1. African battery industry — from extraction to manufacturing
  2. Technology leadership — African innovations in processing
  3. Market power — Africa as price-setter, not price-taker
  4. Economic transformation — resource wealth driving development

The Stakes

This isn't just about minerals. It's about economic transformation.

Countries that control critical minerals will:

  • Set technology standards — influence global systems
  • Capture economic value — processing and manufacturing wealth
  • Exert political influence — resource access as leverage
  • Build industrial capacity — move beyond extraction economies

The nations that control these inputs will shape the 21st century.


Conclusion: The Resource Sovereignty Moment

Africa has what the world needs. The question is: Will Africa use this leverage to transform its economies, or will it remain a raw material supplier?

The resource nationalism moment is here. African nations are asserting control, demanding better terms, and building alternatives.

But success requires sustained effort:

  • Processing capacity — not just extraction
  • Technical expertise — not just labor
  • Market power — not just supply
  • Regional cooperation — not just national policies

The minerals are African. The future can be too — if Africa builds the capacity to capture the value.

This is the resource sovereignty moment. The choices made in the next decade will determine whether Africa transforms its resource wealth into industrial power — or remains a raw material colony.

The time to build is now.


This article is part of an ongoing series on resource sovereignty in the Global South. Follow Monexus Media for continued coverage of critical minerals, economic transformation, and African futures.

Contact: editor@monexusmedia.uk | Telegram: @MoemediPoncana

© 2026 Monexus Media · reported from the wire