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Global Edition•Business
October 26, 2026•0 views
News Brief

Africa's Rare Earth Sector Faces Push for In-Continent Processing Amid Global Minerals Race

African nations are seeking to develop domestic rare earth processing and refining capacity to capture greater economic value beyond raw material exports.

Africa's Rare Earth Sector Faces Push for In-Continent Processing Amid Global Minerals Race
Image: BusinessdayCredit: Image: Businessday
Multi-Source Verification:Synthesized across 1 independent reporting sources.
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In Brief

  • •African nations are seeking to develop domestic rare earth processing and refining capacity to capture greater economic value beyond raw material exports.
  • •International Energy Agency data from 2024 indicates China controlled approximately 60 percent of mined rare earths, 91 percent of refining, and 94 percent of magnet manufacturing.
  • •Significant rare earth deposits are being developed across the continent, including projects in Malawi, Tanzania, Uganda, South Africa, Madagascar, and Angola.
  • •The African Union's Green Minerals Strategy emphasizes local beneficiation, technological skills, and regional industrial development.

Why It Matters

Rare earth elements such as neodymium, praseodymium, dysprosium, and terbium are vital inputs for electric vehicles, wind turbines, satellites, and advanced electronics. While Western countries seek to diversify critical mineral supply chains away from Chinese dominance, African policymakers are advocating for local refining and manufacturing to prevent raw resource drain.

Key Details

China Mined Production Share (2024 IEA)
~60%
China Rare Earth Refining Share (2024 IEA)
~91%
China Magnet Manufacturing Share (2024 IEA)
~94%
Key Continental Framework
AU Green Minerals Strategy

Context & Background

Rare earth elements are not geologically scarce, but separating and refining them into usable oxides and permanent magnets requires complex, high-tech industrial processes currently concentrated in China.

Original Reporting & Sources

VNews is an independent briefing product. Original reporting remains credited to the following publishers:

Businessday
Primary Source
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This brief was synthesized automatically using attributed third-party reporting. VNews is a digital news publication produced under the VContent Group brand and operated by Francis Vincent Sunday in Ghana, independent from the publishers cited above. Read our AI Transparency Policy and Editorial & Corrections Policy.

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