Securing Minerals for the Energy Transition 2025

Reserves-to-production ratio in Southern African Region countries FIGURE 2 Reserves-to-production ratio1At 2024 production rates, SAR can produce critical minerals for longer than other countries, highlighting the importance of its reserves to global supply chains Copper SAR countries Global peersCobalt Graphite Chromium ManganesePlatinum group metals Vanadium LithiumDRC DRC Madagascar Madagascar Mozambique Tanzania South Africa South Africa South Africa South Africa NamibiaZimbabwe Zimbabwe ZimbabweZambiaNon-exhaustiveIndonesia Indonesia Papua New Guinea China Norway South Korea Brazil Gabon Canada Brazil BrazilTurkey United States ChinaChina720 24 31 27 38303333 10491 76328 35 545 22 188 19 23 23 226486 5 313 1682 243973 Note: 1. An indication of the number of years of potential production at 2024 production rates. Source: US Geological Survey. An overview of SAR’s critical minerals sector highlights current strategies and reveals opportunities to grow the value chain from exploration to processing. Despite holding around 30% of global critical mineral reserves,10 Southern Africa attracts less than 10% of global mining exploration spending, highlighting the region’s financing gap and untapped potential.11 To respond to the challenge of underfinancing, SAR countries have taken several policy actions recently, such as amendments to mining regulations, local value addition requirements and export bans.12SAR country profiles 8 Securing Minerals for the Energy Transition: Finance for Southern Africa