The Japan Times - Trump eyes African mineral wealth in trade-focused summit

EUR -
AED 4.099459
AFN 72.55656
ALL 90.854432
AMD 403.236651
ANG 1.997863
AOA 1024.725669
ARS 1725.716503
AUD 1.620032
AWG 2.009266
AZN 1.908969
BAM 1.95792
BBD 2.251649
BDT 139.310855
BGN 1.951032
BHD 0.422353
BIF 3344.903956
BMD 1.116259
BND 1.432558
BOB 13.416528
BRL 6.156839
BSD 1.11797
BTN 104.985685
BWP 15.400226
BYN 3.347906
BYR 21878.671669
BZD 2.248447
CAD 1.574248
CDF 2589.720669
CHF 0.914947
CLF 0.0277
CLP 1090.183107
CNY 7.452703
CNH 7.448895
COP 3616.432801
CRC 507.00375
CUC 1.116259
CUP 26.831195
CVE 110.384532
CZK 24.322276
DJF 199.07927
DKK 7.475501
DOP 67.930698
DZD 152.243187
EGP 60.341267
ERN 16.743881
ETB 183.485227
FJD 2.528995
FKP 0.835844
GBP 0.834074
GEL 2.896647
GGP 0.835844
GHS 13.069152
GIP 0.835844
GMD 83.157879
GNF 9901.932318
GTQ 8.547256
GYD 234.483915
HKD 8.751658
HNL 30.047001
HRK 7.555967
HTG 146.496769
HUF 362.944278
IDR 20214.050795
ILS 3.540654
IMP 0.835844
INR 104.731751
IQD 1695.636147
IRR 2111239.352217
ISK 136.8083
JEP 0.835844
JMD 177.430274
JOD 0.791445
JPY 176.643491
KES 145.068585
KGS 97.614372
KHR 4554.728771
KMF 493.386409
KPW 1004.632839
KRW 1507.256269
KWD 0.347224
KYD 0.931779
KZT 501.111442
LAK 25151.180911
LBP 100111.977802
LKR 371.774398
LRD 190.145903
LSL 18.488377
LTL 3.296022
LVL 0.675214
LYD 7.154286
MAD 10.933439
MDL 19.982972
MGA 5080.04349
MKD 61.557339
MMK 2343.536588
MNT 4019.833098
MOP 9.028977
MRU 45.135041
MUR 52.498031
MVR 17.176539
MWK 1938.561406
MXN 20.74952
MYR 4.533466
MZN 71.324403
NAD 18.488791
NGN 1506.414005
NIO 41.14465
NOK 10.535418
NPR 167.895587
NZD 1.993449
OMR 0.429201
PAB 1.118611
PEN 3.853072
PGK 5.095167
PHP 70.632393
PKR 309.195541
PLN 4.391217
PYG 6988.186673
QAR 4.088627
RON 5.333257
RSD 117.643055
RUB 91.531628
RWF 1650.125559
SAR 4.197709
SBD 8.984301
SCR 15.692146
SDG 671.429609
SEK 11.013898
SGD 1.42957
SHP 0.835992
SLE 25.617714
SLL 23407.392948
SOS 638.897077
SRD 41.952909
STD 23104.302586
STN 24.515236
SVC 9.786598
SYP 14513.596028
SZL 18.482073
THB 37.355611
TJS 10.318073
TMT 3.906906
TND 3.346924
TOP 2.687683
TRY 56.014648
TTD 7.581576
TWD 36.663741
TZS 2954.045111
UAH 50.646343
UGX 4574.954062
USD 1.116259
UYU 44.998728
UZS 13346.452419
VES 1000.52103
VND 28480.784096
VUV 133.12733
WST 3.111933
XAF 655.957
XAG 0.021125
XAU 0.000270979015
XCD 3.016745
XCG 2.015783
XDR 0.789253
XOF 655.957
XPF 119.331742
YER 264.134779
ZAR 18.399961
ZMK 10047.670755
ZMW 22.71661
ZWL 359.434865
SSP 6413.165902
MXV 2.332613
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

Trump eyes African mineral wealth in trade-focused summit
Trump eyes African mineral wealth in trade-focused summit / Photo: Jim WATSON - AFP

Trump eyes African mineral wealth in trade-focused summit

US President Donald Trump hailed West Africa's rich natural resources as he hosted five of its leaders Wednesday for a White House summit aimed at fostering trade to counter the growing influence of Russia and China.

Text size:

Trump's administration is seeking to strengthen economic ties with the mineral-rich region as it simultaneously curbs foreign aid to Africa and hits nations with 10 percent import tariffs.

Talks with the presidents of Senegal, Liberia, Guinea-Bissau, Mauritania and Gabon were expected to focus on commercial opportunities and security.

"We're working tirelessly to forge new economic opportunities involving both the United States and many African nations," Trump told the assembled leaders and reporters ahead of the meeting.

"There's great economic potential in Africa, like few other places, in many ways."

He gushed about the continent's "vibrant places, very valuable lands, great minerals, great oil deposits" -- and was rewarded with personal praise in return as each leader offered their approval when asked by an African media outlet if Trump should win a Nobel Peace Prize.

The talks -- held over a lunch in the State Dining Room -- came with Washington seeking to ensure a stable supply of critical minerals.

All five of the countries invited enjoy rich natural resources, including manganese -- a key mineral in the production of stainless steel and batteries -- iron ore, gold, diamonds, lithium and cobalt.

But overshadowing the talks will be radical steps by Trump and his officials to recalibrate US relations with African nations.

Earlier this month, the administration shuttered the US Agency for International Development (USAID), and said it was moving away from a "charity based-model" to focus instead on trade-based partnerships.

West Africa is expected to be among the regions hardest hit by the aid cuts, which are likely to lead to more than 14 million additional deaths globally by 2030, according to a study published in the Lancet medical journal.

- Drug trafficking and immigration -

US financial help played a crucial role in rebuilding Liberia after its civil wars, and it was still receiving an annual $160 million -- about three percent of its GDP -- as recently as last year.

"Liberia is a long time friend of the United States, and we believe in your policy of making America great again," President Joseph Boakai told Trump.

"And we also go a long way with you and your in your diplomacy that has to do with economic development and commercial friendship."

US arch-rival China has made substantial investments in several of the nations attending, with Gabon providing 22 percent of the manganese it uses in batteries.

Russia has meanwhile supported the nascent Alliance of Sahel States, which shares borders with several of the countries at Wednesday's lunch.

Security is expected to loom large at the meeting, with international drug trafficking and immigration top concerns for Washington.

West Africa's Sahel countries have been dogged by attacks from terrorist groups, while a series of coups have deepened political instability.

Entries from the region make up a significant portion of the Black immigrant population in the United States, which rose by almost a quarter between 2012 and 2022, reaching 4.3 million individuals.

Guinea-Bissau -- a transit zone for cocaine shipments from Latin America to Europe and beyond -- has struggled to contain drug trafficking.

"Guinea-Bissau is a peaceful country, and we are a small country. But we are a great state -- not a great state like the United States, but we're a great country as well," said the country's President Umaro Sissoco Embalo.

A potential US travel ban impacting Gabon, Liberia, Mauritania, and Senegal was reported in June, as part of a larger list of 36 countries facing scrutiny by the Trump administration.

T.Maeda--JT