Why China is investing heavily in African push to bring mineral processing home

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Chinese investors have backed more than $16 billion in mineral-processing and manufacturing projects across Africa. The investment reflects a broader effort by African countries to capture more value from copper, cobalt, iron ore and other resources instead of exporting unprocessed minerals.

Chinese investors have backed mineral processing and manufacturing projects worth more than US$16 billion across Africa, a new report has concluded, amid an increasing push by countries to secure a greater share of the earnings from their natural resources. The continent is a major international supplier of key minerals such as copper, cobalt and iron ore, and countries such as the Democratic Republic of Congo, Guinea and Zimbabwe have previously introduced mineral export bans or restrictions to...