Zambia is refusing to pick sides in the race between global powers for critical minerals, its president said, arguing that resource-rich African countries should resist pressure to align politically in exchange for investment.
With copper prices still near record highs, Hakainde Hichilema told the FT that Africa’s second-biggest exporter of the red metal needs to focus on expanding its economy rather than choosing between Washington, Beijing or Brussels amid intense demand for minerals.
“When I’m in Beijing, I’m not against Washington. When I’m in Washington, we’re not against Beijing,” he said in a recent interview. “We want to make sure that we do business with anyone . . . in a manner that will deliver mutual benefits.”
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