Kwasi Ampofo is the Head of Metals and Mining at BloombergNEF based in London. His team’s research covers industrial metals, rare-earth metals, battery metals and the pathways for miners to reach net-zero. Prior to BloombergNEF, he was a mining engineer at Anglo American and a management consultant at Nous Group in Australia. He completed his PhD in Mineral Economics at the University of Queensland, Australia. He is currently a non-executive director at Amira Global.
Monday 06 February 12:45 - 13:10 Main Stage
Africa’s significant green minerals including lithium, cobalt, nickel, manganese and Rare Earth Elements are part of the core enablers of the transport revolution towards low-carbon economic development. The growing demand for electric vehicles and battery storage facilities is driving the demand for these minerals, especially Lithium and Cobalt. This has pushed their processed product prices to astronomical levels and could be a game changer in the economic development of countries endowed with deposits of these minerals. For example, lithium carbonate prices have increased over 10x since 2021. Also, the demand for battery and technology minerals is estimated to increase 500% by 2050 to meet the growing demand for clean energy technologies.
For Africa to seize opportunities in the battery and EV sector, this will require funding both in the backward (exploration, mining, services) and forward (e.g., battery and EV manufacturing) linkages development. And this is far beyond what public resources could provide. Private sector, particularly African private sector, investments will be essential for the continent to climb up the ladder in these important value chains.
This side event seeks to identify and analyse the key success factors that will enable Africa strategise to attract investment into the BEV sector towards optimising benefits from the value chain.
Tuesday 07 February 14:00 - 16:00 Level 1 Stage
Security of Supply and Resource Nationalism – how can Africa boost her economies and evolve self-empowerment in the Battery Metals Rush?
Wednesday 08 February 11:00 - 11:30 Roof Terrace
- The role of critical minerals in clean energy transitions
- Promoting responsible exploration and production of critical minerals
- What are some of the key policy considerations to for ensuring successful mineral value addition within Africa
Wednesday 08 February 12:15 - 12:40 Roof Terrace