Critical Minerals Africa Group (CMAG) Prepares Members for Policy Shifts as President Trump Takes Office – Africa.com
Critical Minerals Africa Group (CMAG) (www.CMAGAfrica.com), an advocacy group that promotes deeper relationships between Africa and global markets and puts Africa at the center of international discussions around critical minerals policy, is working closely with its members and partners to help respond to Trump Potential shifts in U.S. policy adopted by President Trump. Office today.
President Trump’s return to the White House has sparked much speculation, with market participants questioning how the incoming Republican administration will handle critical mineral projects in Africa and other key areas including the aid budget and the Lobito Corridor.
Olimpia Pilch, chief strategy officer at CMAG, said: “We may expect an increase in funding for critical mineral projects from the United States, but this will depend on several factors, including the pace of domestic resource release in the United States, actual trends, etc.” – Time Demand, United States GDP growth and the availability of cheap ore in other jurisdictions. “
“A key guiding principle of the incoming Trump administration will be security. In contrast to projects prioritized under the ‘green’ or ‘energy transition’ banner, access to the U.S. defense supply chain, specialty alloys and other projects deemed to have national Critical mineral projects in critical sectors will have a better chance of receiving U.S. government funding from the Biden administration,” Pilch said.
“Greater concerns about security will hamper many African countries’ ambitions to process and refine more important minerals on the continent. U.S. entities are unlikely to accept the high risks of multibillion-dollar refinery investments in volatile regions, which often lack commercial Key ingredients for success – cheap and reliable energy, well-maintained infrastructure, skills and expertise, favorable taxes and stable government,” added. “Regions with significant Chinese influence are also less likely to attract U.S. private sector investment given the intensifying competition between the U.S. and China.”
“However, substantial opportunities remain to move further down the value chain, particularly in the production of key concentrates. Relatively more stable countries such as Botswana, Rwanda, Namibia and Ghana have the potential to do so if their governments are willing to abide by Western trading rules. will benefit.”
Veronica Bolton Smith, chief executive of CMAG, said: “CMAG is working closely with its members to ensure a smooth transition, as companies involved in Africa’s critical minerals supply chains seek to determine if and how changes will be made under the new government The landscape of the industry.”
“One of CMAG’s top priorities is bridging the gap between African and Western markets, with the aim of creating value for both parties. We will work closely with our partners in the United States and the continent to achieve mutually beneficial outcomes under the new administration and beyond. Results.”
Distributed by APO Group on behalf of Critical Minerals Africa Group (CMAG).
About Critical Minerals Africa Group (CMAG):
The African Critical Minerals Group is an advocacy group promoting deeper relationships between Africa and global markets and placing Africa at the center of international discussions around critical minerals and related supply chains. CMAG aims to create resilient and diversified critical minerals supply chains that benefit the communities where minerals are mined and accelerate economic development through value-added activities.
