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Raw material: Madagascar, a major supplier of minerals

01/11/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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The African Development Bank (AfDB) indicated that Madagascar, which is a major supplier of minerals for the electronics industry in Africa, with significant reserves of cobalt, lithium, manganese, nickel and graphite, holds a significant share of the world's reserves of graphite (8.1%) and cobalt (1, 4%). With a projected growth of 494% for graphite and 460% for cobalt compared to global production in 2018, the ADB forecasts a sharp increase in global demand for these minerals by

2050.
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