Expect a Middle East scramble for green African metals, says RMB
A trade war is brewing between Middle East countries and the West over access to lithium, copper and cobalt
15 February 2024 - 15:42
Rand Merchant Bank (RMB) says it expects the recent purchase of a large stake in Zambia’s Mopani copper mine by Abu Dhabi’s International Resources Holding (IRH) to herald the beginning of state companies from the Middle East investing in commodities Africa.
This is as sovereign wealth funds and other asset allocators aligned to governments look to diversify their income streams from oil...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.