South Africa: Indaba Mining Conference was commemorated in Cape Town, South Africa, from the 6th to the 9th of February, discussing the competition between the United States and China to gain more crucial minerals to dominate the projected transition to clear energy around the world, reported Voice of America.
As per the recent updates, The Under Secretary of State for Energy, Economic Growth, and the Environment, Jose Fernandez, wrote in the report which stated that “I don’t need to remind anyone about what happens when the supply chain breaks down or when every transaction is totally depended on a single supplier.”
He added, “We have lived the same scenario during the worldwide pandemic of Covid-19, and this is the issue that needs to be resolved by coming together.”
Furthermore, Tony Carroll, director of Acorus Capital and an international adviser to the conference, conveyed that “Chinese authorities have made it their priority to keep aside the market for critical minerals from two decades ago now, and showed support towards the strategy with public diplomacy at a massive level.”
Tony Carroll further cited that “The west woke up to such strategy too late and left behind in the race and have been trying to cope up since then.” In addition, he pointed out that “Being late to the party, the United States awakened with more focus and ambition in the mining and processing field along with building bilateral ties with like-minded partners.”
According to the reports, a key speaker at the mining conference and President of Congo, Felix Tshisekedi, has been acting demanding better terms from China for quite a time now. China sources the large majority of its cobalt from DRC, which generates about 70 per cent of the world’s total.
During his notes, Carrol also confirmed that “The Democratic Republic of Congo has recovered no benefit from it. No positive impact and tangibility were recorded for our population.” “Now we need to find the right balance with re-balancing things in the way of win-win for both,” he mentions.
The reports also confirmed that the Partners include Australia, Canada, France, Finland, Japan, the Republic of Korea, Norway, Sweden, the United Kingdom, and the European Union. At its first meeting last year, Congo was one of the non-partner nations in attendance. (MILAP NEWS NETWORK)