The Conversation (0)
DY6 Metals CEO Lloyd Kaiser Touts Africa's Rising Role in Global Rare Earths Supply Chains
Jun. 12, 2024 01:00PM PST
Rare Earth Investing“(The Tundulu project) has the potential to produce a sizeable mineral resource estimate, and it's the type of rare earths that can be potentially easily upgraded and can supply the market,” said Lloyd Kaiser, CEO of DY6 Metals.
The geopolitical landscape is shifting, and African nations, particularly resource-rich countries like Malawi, are becoming vital to the global supply chain of rare earth metals, according to Lloyd Kaiser, CEO of Australia-based DY6 Metals (ASX:DY6).
Countries such as the US are aiming to diversify their sources of critical minerals and reduce their reliance on China by enhancing relations with African countries.
“Africa offers a lot — it's rich 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.
"I think 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 coming into fruition," he continued, 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 rare earth elements deposits. Historical drilling at the company's 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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