Electricity shortage hampers Africa's metal industry
The electricity shortage threatens the ambitions of African countries to develop their mineral industries, especially in areas such as local refining, smelting, and transforming raw resources into value-added products. Despite efforts by countries like Guinea and Zimbabwe to boost economic returns from their mineral wealth through export restrictions and facilitating investments, rising energy costs and supply instability hinder the feasibility of these projects. Guinea, for instance, needs around 5,000 to 10,000 megawatts of sustainable power to support the expansion of its aluminum industry, but its current capacity does not exceed 1,000 megawatts. Experiences from other countries like South Africa show that high and fluctuating energy costs reduce the industry's competitiveness, posing a threat to growth objectives and the transformation of mineral resources into added economic value.
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