T
Originally published by The Standard BusinessJune 18, 2026
4h ago
US beats China to clinch Sh9.7tr minerals deal

America has struck a preliminary minerals deal with Kenya, securing a foothold in one of the world’s largest untapped rare earth deposits worth about Sh9.7 trillion. The deal edges out China...
✨ Key Highlights
The United States has secured a preliminary minerals deal with Kenya, potentially worth $62.4 billion (Sh9.7 trillion), outmaneuvering China in the race for crucial resources.
- The deal involves strategic minerals, including niobium and rare earths, found in one of the world's largest untapped deposits.
- President William Ruto announced the agreement on the sidelines of the G7 summit in France.
- A key aspect of the deal is the requirement for domestic processing of these minerals, a significant shift from Africa's traditional role as a raw material exporter.
Continue Reading
Read the complete article from The Standard Business
Advertisement
Advertisement
