G20 Summit in South Africa Amid Strategic Mineral Agreements
EU scrambles to secure metals for clean energy, computing, and defense amid China's possible supply restrictions.
EU plans to stockpile rare earths and create a 9-million-euro joint purchasing mechanism.
South Africa will process minerals at extraction points, per President Cyril Ramaphosa.
South Africa hosts this year's G20 amid a boycott by its most powerful member.
Analysts suggest U.S. absence could deepen ties with EU and China.
President Cyril Ramaphosa said the U.S. may now attend the G20.
The first G20 in Africa highlights the continent's growing economies and mineral wealth.
1 month ago