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Rare earth strategy provides ‘opportunities for Africa’ as US tries to counter China
NACHRICHT
09.05.2026

Rare earth strategy provides ‘opportunities for Africa’ as US tries to counter China

The United States is shifting strategy to fund local African processing and mining infrastructure, after recognising it cannot yet process the critical minerals it is racing to secure from the continent to counter China. Tom Haslett, managing director of policy for critical minerals at the US International Development Finance Corporation (DFC), said that unlike China, which had “significant industry backing for both processing and downstream manufacturing”, the US and Europe did not yet have...

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SCMP Economy
Rare earth strategy provides ‘opportunities for Africa’ as US attempts to counter China
NACHRICHT
09.05.2026

Rare earth strategy provides ‘opportunities for Africa’ as US attempts to counter China

The US is shifting strategy to fund local African processing and mining infrastructure after recognising it cannot yet process the critical minerals it is racing to secure from the continent to counter China. Tom Haslett, managing director of policy for critical minerals at the US International Development Finance Corporation (DFC), said that unlike China, which had “significant industry backing for both processing and downstream manufacturing”, the US and Europe did not yet have that...

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SCMP Economy
Multiple International Developments: Iran Strait Law, UAE OPEC Exit, Russia-Ukraine Conflict Updates
In Entwicklung
Welt·28.04.2026KI-Zusammenfassung

Multiple International Developments: Iran Strait Law, UAE OPEC Exit, Russia-Ukraine Conflict Updates

This multi-story news digest covers: Iran's plan to adopt law on Strait of Hormuz after parliament reconvenes; UAE's exit from OPEC seen as serious blow to Arab solidarity; ongoing Russia-Ukraine military operations including liberation of Ilyinovka and Ilyichovka; US-Iran tensions with Trump criticizing European allies; Putin's comments on sanctions, election security, and North Korean soldiers; Iranian army stating war with US and Israel not over; Pentagon acknowledging lack of defense against hypersonic weapons; Indian tycoon Ambani offering to rescue Escobar's hippos; and SCO military cooperation discussions.

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TASS
US$50 Million DFC Investment Backs South African Rare Earth Extraction Project
In Entwicklung
Business·19.04.2026KI-Zusammenfassung

US$50 Million DFC Investment Backs South African Rare Earth Extraction Project

The Phalaborwa Rare Earths Project in South Africa received a US$50 million equity investment from the US International Development Finance Corporation, part of accelerated US efforts to secure critical minerals independent of China. The project extracts rare earth elements from industrial mining waste at a former chemical processing plant. The Trump administration plans to deploy nearly US$12 billion to create a US strategic reserve for critical minerals essential for electronics, EVs, robotics and defence systems.

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SCMP Economy