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00:02The U.S. is adopting new strategies to challenge China's dominance in Africa's critical minerals
00:07market by securing supply from Zambia, Guinea, and the Democratic Republic of Congo, Reuters
00:13reported Monday. The approach relies on off-take deals and state-backed funding rather than
00:17deploying U.S. operators in high-risk countries. The DRC, the world's largest cobalt supplier,
00:23is a primary focus alongside copper sourcing from Zambia and Guinea. The U.S. is pursuing
00:29trading arrangements with Congolese state miner Jequemines and Mercuria to direct output into
00:34U.S.-aligned value chains dominated by Chinese refiners. U.S. and Chinese officials are expected
00:39to seek new agreements at the Andaba mining event in Cape Town this week. Earlier this month,
00:45Trump launched Project Vault, a $12 billion initiative to finance U.S. manufacturers and
00:50reduce risks in the rare-earth market if China restricts exports. For all things money, visit
00:55Benzinga.com.
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