12 Hrs
Source:
الاقتصادية
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Africa Mineral Processing Seeks Investment Amid Power Shortages
The article discusses the challenges and opportunities of mineral processing in Africa, especially in light of efforts by African countries to add value to their mineral resources through the establishment of local refineries and smelting facilities. These endeavors receive support from international financial institutions; however, the shortage of affordable and reliable electricity supplies remains a major obstacle to sustainable investments in the metal manufacturing sector. For example, Guinea is moving toward establishing alumina plants and iron smelters but faces an urgent need for investment in sustainable energy infrastructure, as it heavily relies on hydroelectric power which is affected by seasonal variations. Additionally, rising electricity costs have led to a decline in the ferrochrome industry in South Africa, with many smelters reducing their operations significantly. The article emphasizes that improving the stability and availability of sustainable energy is key to increasing the value of African minerals and achieving effective and sustainable industrial growth.
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