Skip to main content

Africa's natural resources fuel the world

From electronics to oil, Africa's natural resources fuel the world and those minerals make the world go round. There are some statistics to prove it.

Diamonds (Photo:

Cars. In 2012, South Africa produces 72% and 83% of the world's platinum and rhodium respectively. Platinum and rhodium are key components of catalytic converters that are fitted to cars to reduce pollution. South Africa is a major producer of gold, diamonds, coal, iron ore. As of July 2013, the market price of platinum was $1,411/oz and the one of rhodium $1,000/oz.

Electronics. Cellphones, laptops and other small electronic devices use parts made of tantalum. In the 2011 global production, Africa's tantalum represented a total of 71% with countries such as Mozambique (24%), Rwanda (20%), Democratic Republic of Congo (11%), Ethiopia (9%) and others (7%). Mozambique's economy still heavily relied on agriculture. As of July 2013, the market price of tantalite ore was $262/kg.

Jewelry. In 2011, Africa produced more than half of the world's diamonds with countries such as Botswana (19%), Zimbabwe (16%), Democratic Republic of Congo (7%), South Africa (7%), Angola (7%), other (1%). Botswana is qualified as a middle-income country, as stated by CNN. As of July 2013, the market price of diamond 4/4 carat was $6, 270.

Batteries. In 2011, Africa produced 58% of the cobalt's global production with countries such as the Democratic Republic of Congo (48%), Zimbabwe (5%), Botswana (2%), South Africa (2%) and others (1%). Rechargeable batteries often use cobalt in their electrodes. Mineral mining is linked in funding conflict in the country. As of July 2013, the market price of cobalt was $13,50/lb.

Airplanes. Jet engines use superalloys that often contain cobalt and chromium. Many aircraft parts are made of aluminum alloys which can account for up to 80% of a passenger jet's weight. Chromium  is produced from chromite and aluminium from bauxite. In 2011, South Africa generated 47% of the chromite's global production; Guinea generated 8% of the bauxite's global production. As of July 2013, the market price of ferrochrome is $2.42/kg and the one of aluminium $0.8/lb.

Electricity. Africa produces coal, gas and uranium. Uranium is the source of nuclear fuel, which provides around 14% of the world's electricity. In 2011, Niger generated 8% of the uranium's global production, Namibia 6% and Malawi 2%. Namibia's economy heavily depends on mineral exports and besides uranium,  the country produces zinc and diamonds. The market price of uranium is $38/lb.

Oil. In 2012, Africa produced a tenth of all world's oil, with around 9.4 million barrels per day. In 2011, Nigeria generated 3% of oil's global production, Angola 2%, Algeria 2%, Libya 2%, Egypt 1% and others 1%. As of July 2013, the market price of oil is $102.47/barrel.

Africa's natural resources fuel the world. And world, you're welcome.

Popular posts from this blog

March 8 is a special day for millenniums too

Over 100 years later, one may ask whether the celebration of the International Women's Day is still relevant today? The responses you will read below are those of four millenniums and W&A supporters. They have agreed to share their opinions with you and to explain what this special day means to them.
"The celebration of the International Women's Day is still relevant because women are still struggling to reach the gender equality. As a young African women, I can say with confidence that male dominance is still obvious in our societies. Understanding the reason behind March 8th is important for women.

Two American graduate students raise funds for South African students with The Project Ubuntu

Inspired by their recent summer study abroad program in South Africa, Elizabeth Patterson and Amber Lodman made the decision to create The Ubuntu Project upon their return to their home country, the United States of America.  The Project Ubuntu is a grassroots fundraising effort to help students of the Bachana Mockwena and Reinotswe special schools in South Africa.  Elizabeth Patterson and Amber Lodman, the two founders of the Project Ubuntu, started the fundraiser with the aim of providing funds for infrastructure building as well as dinning halls for meals. This summer of 2013, they both went to South Africa to study education and social reform.

Five powerful African women

Forbes has just released the official list of the world's 100 most powerful women of 2013. I am not sure which criteria Forbes experts used. Based on the list, they have probably included criteria such financial or diplomatic influence. However, I was disappointed to notice the insignificant representation of African women on the list. This may be partly explained by the background of those in charge of the selection.

Your opinion matters/ Votre opinion compte

What do you think of my articles? Do you have any ideas? If yes, please write a comment or contact me!

Que pensez-vous de mes articles? Avez-vous des idées? Si oui, laissez un commentaire ou contactez-moi!

Total Pageviews