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South Africa seeks partnership with China to leverage critical minerals: official

China

China

China

South Africa seeks partnership with China to leverage critical minerals: official

2025-10-28 16:57 Last Updated At:18:07

South Africa hopes to foster mutually beneficial cooperation with China, leveraging its natural resources to enhance industrial development and deepen economic ties, according to Tebogo Makube, deputy director-general of the Sectors Branch at South Africa's Department of Trade, Industry and Competition.

In an interview with China Global Television Network, Makube, who oversee several units including critical minerals, highlighted the country's strategic focus on strengthening partnerships with China, where efforts have been made in advancing zero-carbon smart mining with global applicability.

"Our strategy is the partnership with China. We want to learn from Chinese production methods. So, we are of the view that the partnership is the way forward. And we have the critical minerals to offer to the Chinese economy. I know that they are in need of those critical minerals, but we are saying let's partner in beneficiating those minerals in the country," he said.

South Africa is a major producer of iron ore, as well as platinum group metals (PGMs). PGMs are widely used in hydrogen, fuel cell and emissions reduction technologies -- areas where Chinese companies are rapidly expanding production.

South Africa seeks partnership with China to leverage critical minerals: official

South Africa seeks partnership with China to leverage critical minerals: official

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025

China's aggregate social financing maintains high growth in 2025

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