DY6 Metals CEO touts Africa’s Rising Role in Global Rare Earths Supply Chains

By admin On Jun 12, 2024

The geopolitical landscape is shifting and Africa, particularly resource-rich nations like Malawi, is becoming vital to the global supply chain of rare earth metals, according to Lloyd Kaiser, CEO of Australia-based DY6 Metals (ASX:DY6). Countries like the United States are aiming to diversify their sources of critical minerals and reduce reliance on China by enhancing relations with African countries.

“Africa offers a lot actually in terms of its richness in critical materials and could also help secure supply,” Kaiser said, commenting on calls for the US government to build stronger trade relationships with African nations to align with America’s broader objective to ensure a stable and secure supply of essential raw materials.

“The government of Malawi would like to see more support from the US to assist with infrastructure and that would also then help with all the mining companies,” said Kaiser, adding that mutual interest in such collaborations could result in vast economic and developmental benefits for African nations and improved supply security for the US.

DY6 owns six heavy rare earths and critical minerals projects in Southern Malawi, a region that has proven economic REE deposits. Historical drilling at its Tundulu project has confirmed its potential to host significant rare earth elements mineralisation.

Watch the full interview with Lloyd Kaiser, CEO of DY6 Metals, above.

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