China & Mozambique just struck a major minerals deal
Beijing and Maputo agreed to survey vast deposits of graphite, lithium, and rare earths in Cabo Delgado — minerals that power electric vehicle batteries, wind turbines, and smartphones, SCMP writes.
China will fund local processing plants, rail lines, and power networks — moving beyond raw extraction to build industrial corridors.
Chinese state giants already hold major stakes in Mozambique's $30 billion LNG projects. Now Beijing is helping Maputo process minerals on its own soil, not just ship them out as raw ore.
Mozambique has also emerged as a hotspot for global natural gas production, with more than 5 trillion cubic metres of natural gas reserves in the Rovuma basin, off the country's northeast coast.
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Beijing and Maputo agreed to survey vast deposits of graphite, lithium, and rare earths in Cabo Delgado — minerals that power electric vehicle batteries, wind turbines, and smartphones, SCMP writes.
China will fund local processing plants, rail lines, and power networks — moving beyond raw extraction to build industrial corridors.
Chinese state giants already hold major stakes in Mozambique's $30 billion LNG projects. Now Beijing is helping Maputo process minerals on its own soil, not just ship them out as raw ore.
Mozambique has also emerged as a hotspot for global natural gas production, with more than 5 trillion cubic metres of natural gas reserves in the Rovuma basin, off the country's northeast coast.
Subscribe to @SputnikInt
🇨🇳🤝 🇲🇿China & Mozambique just struck a major minerals deal
Beijing and Maputo agreed to survey vast deposits of graphite, lithium, and rare earths in Cabo Delgado — minerals that power electric vehicle batteries, wind turbines, and smartphones, SCMP writes.
China will fund local processing plants, rail lines, and power networks — moving beyond raw extraction to build industrial corridors.
📊 Chinese state giants already hold major stakes in Mozambique's $30 billion LNG projects. Now Beijing is helping Maputo process minerals on its own soil, not just ship them out as raw ore.
Mozambique has also emerged as a hotspot for global natural gas production, with more than 5 trillion cubic metres of natural gas reserves in the Rovuma basin, off the country's northeast coast.
📌Subscribe to @SputnikInt
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