[SMM Aluminum Flash News] EU Advances EUR12 Billion Critical Minerals Investment Plan in South Africa

Published: Jun 3, 2026 10:18

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Around 200 companies attended an EU investment roadshow in Johannesburg on June 1 as the bloc advanced plans to invest EUR12 billion (USD13.98 billion) in South Africa’s critical minerals sector. The partnership focuses on mining, processing and industrial development to reduce dependence on single suppliers. South Africa said it aims to increase local beneficiation and industrial value instead of only exporting raw materials. At the same time, the EU plans to support South Africa’s green energy, port and railway infrastructure projects. Markets believe Africa’s resource development and local processing capacity are becoming increasingly important amid intensifying global competition for critical minerals.

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