BUSINESS MONITOR International
Chinese Investment In Africa’s Mining Sector To Persist
Edited by : AL CIRCLE
1 min read
Chinese companies are to continue seeking bauxite projects among others overseas as the country has a significant supply deficit in these metals.
Regarding iron ore, China accounts for 14.9% of global production but consumes over 40% of the world’s steel output. This differential is replicated in copper and bauxite, and China is thus seeking to secure future deposits to avoid any shortfall in supply.Its expected that Africa will receive the greatest interest due to the growing commercial and political links between China and the continent, as well as the latter’s vast untapped high-grade reserves.
Regarding iron ore, China accounts for 14.9% of global production but consumes over 40% of the world’s steel output. This differential is replicated in copper and bauxite, and China is thus seeking to secure future deposits to avoid any shortfall in supply.Its expected that Africa will receive the greatest interest due to the growing commercial and political links between China and the continent, as well as the latter’s vast untapped high-grade reserves.
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