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Booming Chinese Demand for African Metals and Minerals Pushes Prices to Record Highs

by Eric Olander

These are good days for Africa’s metals and mineral exporters, who are seeing record prices thanks to strong demand, in part, from China and international automakers that produce new energy vehicles.

The timing for this latest “commodity supercycle,” as it’s commonly referred to, couldn’t be better for the likes of Zambia (copper), the DRC (cobalt), and South Africa (iron ore.) These countries have all been struggled to pull their economies out of the COVID-19 induced downturn.

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