AZS taken out.
Acquisition market hotting up.
The Geopolitical situation for supply and control Li is dirty…..and don’t we know it.
Critical minerals: EU signs strategic partnerships with DRC and Zambia
On the sidelines of the Global Gateway Forum in Brussels, the European Union (EU) signed, Thursday October 26, 2023, strategic partnerships with the Democratic Republic of Congo (DRC) and Zambia, on the value chains of critical minerals.
The two African countries were represented respectively by Antoinette Nsamba, Congolese Minister of Mines and Situmbeko Musokotwane, Zambian Minister of Finance, while the EU was represented by Jutta Urpilainen, Commissioner responsible for international partnerships.
These new partnerships supported by the USA and the African Development Bank also aim to develop the Lobito corridor, which connects the southern part of the DRC and the north-western part of the Republic of Zambia to regional and global commercial markets via the port. from Lobito in Angola.
According to the President of the European Commission, Ursula Von Der Leyen, the new partnerships with the Democratic Republic of Congo and Zambia will support the development of sustainable and resilient value chains of critical raw materials, while creating quality local jobs.
“The Lobito Transport Corridor will also be a game changer in boosting regional and global trade,” she explained.
The MoUs signed in Brussels establish close cooperation in five areas: Integration of sustainable raw materials value chains; Mobilization of financing for infrastructure development; Cooperation to achieve sustainable and responsible production; Cooperation in research and innovation; Capacity building to enforce relevant rules.
The EU highlighted that following the signing of these MoUs, respective roadmaps with concrete joint actions to be implemented by 2030 will be developed.
These partnerships provide benefits to all parties, ensuring on the one hand that the resources of the DRC and Zambia are used to support sustainable, equitable, inclusive and peaceful socio-economic development, while simultaneously enabling the EU to implement its ambitious Green Deal, by strengthening green energy and digital transitions in both regions.
mediacongo