IRA, EGD and now the EU move on China EVs – governments are showering mining with money
When the EU closes its EV market to China, it would open up a direct route and likely premium pricing for lithium, nickel, cobalt miners now supplying China.
The US is already sharing information with countries seeking foreign funding for mining projects and allied governments, foreign mining companies and financial institutions that can help kick-start projects.
The Economist Intelligence Unit says Russian mining activities in Sub‑Saharan Africa will be impacted by sanctions but without having a serious negative impact on domestic mining sectors.
Increased prices for fossil fuels have shifted the conversation, potentially benefitting oil and gas projects in Africa as importers scramble to diversify supply chains away from Russia.