Rare-earth diversification may boost African producers

Significance

This growing demand will place African countries in an unusually strong bargaining position in negotiations over access to these commodities.

Impacts

• The recent US-Africa Summit will likely herald a renewed push for diplomatic and economic ties with African governments.
• Increased geological mapping activity will more accurately establish the size and potential of rare-earth deposits.
• African governments may also seek financing for oil and gas projects in exchange for minerals access.