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South Africa, EU Sign Critical Minerals Deal, Vow to Defend Multilateralism
The deal secures critical metals for energy, computing, and defense while promoting local processing in South Africa and aims to strengthen multilateral diplomacy, EU officials said.
- On Thursday, South Africa and the European Union signed a critical minerals partnership and Ramaphosa said, `We are signing an unprecedented agreement` ahead of the G20 summit.
- Faced with possible supply restrictions from China, European Union leaders are scrambling to secure dozens of metals vital for clean energy, computing, and defence, officials said.
- The EU plans to bolster supplies by stockpiling rare earths and creating a 9-million-euro joint purchasing mechanism, while South Africa will process minerals at extraction points, President Cyril Ramaphosa said.
- South Africa is hosting this year's G20 amid a boycott by its most powerful member, while Analysts say a U.S. absence could deepen ties with the European Union and China, and President Cyril Ramaphosa said the United States may now attend.
- The first G20 in Africa showcases the continent's fast-growing economies and mineral wealth, while positioning the European Union and South Africa to influence global critical minerals supply chains vital to green technology and defence.
Insights by Ground AI
20 Articles
20 Articles
While Donald Trump accuses South Africa of genocide against white farmers, the EU embraces Africa's most important economy.
·Copenhagen, Denmark
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After seven years of depression, Brussels and Pretoria have sealed a "green" pact on critical minerals, at the heart of the great global geopolitical rebalancing.
·Paris, France
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The European Union and South Africa want to deepen their economic cooperation.
·Germany
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Total News Sources20
Leaning Left3Leaning Right4Center5Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 25%
C 42%
R 33%
Factuality
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