At the G7 summit in Evian-les-Bains, France, on June 17, Kenyan President William Ruto revealed that his country was nearing a critical minerals agreement with the United States. Far more significant was Kenya’s insistence that its rare earths, lithium, graphite, copper, nickel and niobium be refined and processed domestically rather than exported as raw materials. This was not simply another minerals deal; it was a signal that African governments are trying to rewrite the extractive bargain.

That demand, long voiced but rarely enforced, is beginning to reshape African resource governance. Namibia has prohibited exports of unprocessed lithium, cobalt, manganese, graphite and rare earths. Mali is constructing a 200-tonne-a-year gold refinery while requiring more local refining. Ghana will begin buying 30 percent of large-scale gold output from July 2026 to strengthen local refining and reserves. Across the continent, governments are increasingly requiring natural resources to create industries at home before generating profits abroad. The turn is not confined to critical minerals; it reflects a wider push to keep more value from natural resources at home.

Kenya’s move comes as the global race for critical minerals intensifies and Africa assumes greater strategic importance. Lithium consumption rose by almost 30 percent in 2024 as countries accelerated investment in electric vehicles, battery storage, renewable energy systems and advanced manufacturing. The International Energy Agency (IEA) projects lithium use will increase fivefold by 2040, with graphite and nickel requirements roughly doubling.

This commodity boom differs in one crucial respect: The supply of critical minerals cannot expand rapidly. New mines often take well more than a decade to move from discovery through permits and development to first production, even as global demand continues to accelerate. The IEA estimates that, under its Stated Policies Scenario, announced mining projects will leave lithium supply 40 percent short of projected demand by 2035. Countries seeking secure supplies therefore have greater incentives to invest where the minerals already exist, giving African governments more room to negotiate local value addition, technology transfer and industrial investment.

For generations, the continent’s economic role has been brutally simple: Dig, ship and buy back the finished........

© Al Jazeera