China & Mozambique Seal Key Minerals Agreement: Media
11:56 26.04.2026 (Updated: 12:22 26.04.2026)
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China & Mozambique Seal Key Minerals Agreement: Media
Beijing and Maputo have finalized a major pact to explore vast graphite, lithium, and rare earth deposits in Cabo Delgado — critical minerals fueling EV batteries, wind turbines, and smartphones, Chinese media reported.
China will finance on-site processing facilities, railway infrastructure, and electricity grids — marking a shift from simple extraction to the development of full industrial zones. Beijing is now helping Maputo process minerals locally, rather than export unrefined ore.
Chinese state-owned firms already hold substantial stakes in Mozambique's $30 billion LNG projects.
Mozambique has also emerged as a key global hub for natural gas production, with more than 5 trillion cubic meters of reserves in the Rovuma Basin along its northeast coast.
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Beijing and Maputo have finalized a major pact to explore vast graphite, lithium, and rare earth deposits in Cabo Delgado — critical minerals fueling EV batteries, wind turbines, and smartphones, Chinese media reported.
China will finance on-site processing facilities, railway infrastructure, and electricity grids — marking a shift from simple extraction to the development of full industrial zones. Beijing is now helping Maputo process minerals locally, rather than export unrefined ore.
Chinese state-owned firms already hold substantial stakes in Mozambique's $30 billion LNG projects.
Mozambique has also emerged as a key global hub for natural gas production, with more than 5 trillion cubic meters of reserves in the Rovuma Basin along its northeast coast.
Subscribe to @sputnik_africa
Sputnik Africa | X
