How China Is Winning Africa's Rare Earth Race

China Economy with Fexingo: Beijing's Policies, Trade, and Asia-Pacific Markets · Jul 21, 2026 · 9m · transcript

China controls 60% of global rare earth mining and 90% of processing. But a new wave of African discoveries — from Tanzania's Ngualla deposit to Angola's Longonjo project — could reshape the supply chain. Lucas and Luna examine how Beijing is locking in long-term deals with African governments, financing infrastructure-for-minerals swaps, and building processing plants on the continent. They also look at the counterplay: Western-backed efforts to fund alternative refineries in Australia and Canada. With the trade-weighted US dollar index at 120.5 and yuan-dollar steady at 6.78, who…