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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🇨🇳🤝 🇲🇿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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