As the world turns away from oil and toward the clean energy systems of the future, the nations that once built empires on petroleum are now staking their next fortunes on copper, cobalt, and lithium. The United Arab Emirates, through one of Abu Dhabi's most powerful institutions, has moved decisively into Zambia's mining sector — acquiring a controlling stake in Mopani Copper Mines and positioning itself to challenge China for a second. This is not merely a business transaction; it is a civilizational pivot, as Gulf states translate old wealth into new leverage over the supply chains that wil
Al-Monitor
· Mar 22, 2024
· economy
· 2 min de leitura
High
Apuração: Verificado
UAE Muscling Into African Minerals Race With Zambia Copper Deals
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Energy
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Viés e Enquadramento
⚖
Article uses competitive framing ('muscling,' 'scrambling') to portray UAE's mineral acquisition strategy, with emphasis on China rivalry and green energy transition justification.
Bias Direction
center-right
Confidence
MED
Competitive/geopolitical rivalry framing that emphasizes UAE's assertive positioning against China and others; presents mineral acquisition as natural economic competition within green energy transition narrative.
muscling in
scrambling
snapped up
jockeying
aggressively acquiring
pushing to acquire
Zambian citizens' or local communities' views on foreign mineral extraction and environmental/social impacts
Chinese perspective on the competitive dynamics
Labor and environmental concerns regarding mining operations
Zambia's long-term resource sovereignty and development strategy
Critique of wealthy nations competing for African resources
Impacto Geopolítico
🌎
UAE is aggressively competing with China for African copper assets in Zambia, signaling Gulf states' strategic pivot from oil to critical minerals for green energy dominance.
Escalation Risk
moderate
Confidence
HIGH
United Arab Emirates
Zambia
China
Saudi Arabia
Sub-Saharan Africa
Emerging multipolar competition for critical mineral supply chains. UAE/Gulf states challenging China's traditional African resource dominance, while wealthy petrostates diversify beyond hydrocarbon dependence. Zambia gains leverage as contested prize. Shift reflects broader decoupling of green energy supply chains from Chinese control.
Similar to Cold War-era superpower competition for African resources and influence, but driven by energy transition economics rather than ideological competition. Echoes 2000s-2010s China-Africa resource scramble.
Lente Econômica
📈
UAE is aggressively acquiring African copper and critical minerals to diversify from oil dependence, competing with China for Zambian assets crucial to global green energy transition.
Market Signal
mixed
Confidence
HIGH
Mining and mineral extraction
Renewable energy
Electric vehicles and battery manufacturing
Oil and gas (strategic pivot away)
International trade and investment
Sovereign wealth and asset management
Increased competition for critical minerals may stabilize long-term battery and EV prices by securing supply chains, but short-term mineral price volatility could affect consumer electronics and renewable energy costs. Consumers benefit from accelerated green energy transition infrastructure.
Governments may strengthen mineral supply chain regulations, implement foreign investment screening for critical resources, and negotiate bilateral trade agreements. African nations could leverage competition to improve contract terms. Western nations may develop domestic critical mineral strategies to reduce dependence on Gulf/Chinese acquisitions.