Mozambique is consolidating its position as an essential supplier of strategic raw materials for Europe’s energy transition, reveals a study funded by the European Union.
The report, published as part of the Horizon Europe programme and reported by the O Económico portal, points to the country’s potential in critical minerals such as natural graphite, rare earths, copper and titanium, essential for the production of batteries, wind turbines and electric vehicles.
The study emphasises that Mozambique, with deposits of high-value minerals, especially in the Rovuma basin, offers a combination of abundant natural resources and policies to encourage investment, making it an attractive destination for foreign investors.
These resources position the country as a key player in creating a more resilient and sustainable supply chain, crucial for the European Union’s decarbonisation goals.
Despite this potential, the report points out some challenges, including limited infrastructure and the need to train the local labour force. In response, the Mozambican government has implemented initiatives to overcome these barriers, such as logistics modernisation and tax incentives aimed at attracting sustainable projects.
In addition to the supply of raw materials, the partnership between Mozambique and the European Union includes possibilities for joint innovation and local industrial development.
The study suggests that the creation of processing infrastructures in the country could not only increase the value of exports, but also create jobs and strengthen the Mozambican economy.
The partnership with the European Union thus offers Mozambique an opportunity to boost its economy by harnessing natural resources in a sustainable way and in line with global energy transition goals.
