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G20: SA, EU sign "unprecedented agreement" on critical minerals

South Africa and the European Union vowed to defend multilateralism as they signed a partnership on critical minerals in the lead-up to the G20 Summit, which concluded in Johannesburg yesterday.
President Cyril Ramaphosa, European Commission President Ursula von der Leyen and European Council President Antonio Costa attend a EU-South Africa summit, ahead of the G20 Summit, which was held from 22 to 23 November 2025 in Johannesburg. Image credit: Reuters/Yves Herman
President Cyril Ramaphosa, European Commission President Ursula von der Leyen and European Council President Antonio Costa attend a EU-South Africa summit, ahead of the G20 Summit, which was held from 22 to 23 November 2025 in Johannesburg. Image credit: Reuters/Yves Herman

Analysts view the US's absence or any obstructive move as an opportunity for South Africa to build closer ties to the European Union and China, its two largest trading partners.

While it seems increasingly unlikely that the meeting will culminate in a substantive declaration, the first G20 Summit in Africa is a showcase for a continent with rapidly growing economies and vast mineral wealth.

"We are signing an unprecedented agreement," Ramaphosa said at a news conference with European Commission President Ursula von der Leyen and European Council President António Costa, after the South African Minister of Mineral and Petroleum Resources, Gwede Mantashe, signed the memorandum of understanding.

"We are no longer going to rely on extracting minerals only. We will want to extract those minerals, have them processed at the point of extraction ... so that South Africa begins to move up the value chain," Ramaphosa said.

EU leaders are scrambling to secure dozens of metals that are vital to the world's transition away from fossil fuels to renewable energy, as well as for the revolution in computing and for defence, as it faces potentially damaging supply restrictions from China, the world's main supplier of rare earths.

The EU's plans include stockpiling rare earths before rivals, including the United States, and developing a €9m joint purchasing mechanism.

"We need these inputs to power the clean-energy transition both here and in Europe. So the future of our economy depends on fair and reliable supply chains," Von der Leyen said.

She added later that Russia's war in Ukraine and its impact on Europe's energy supply had woken the continent up to the need for a diverse range of sources.

South African officials hope the summit can keep multilateralism alive in international affairs, even as US President Donald Trump's administration rejects this form of diplomacy.

"We agreed to stand together in defence of democracy, in defence of multilateralism, human rights and the rule of law," Ramaphosa said, in sentiments echoed by his counterparts.

Source: Reuters

Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.

Go to: https://www.reuters.com/
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