In 2025, global semiconductor production remains heavily concentrated in East Asia, with Taiwan Semiconductor Manufacturing Company (TSMC) accounting for 54% of the world’s foundry capacity, as reported in the International Semiconductor Industry Association’s Global Semiconductor Report, published in March 2025. This concentration exposes the supply chain to geopolitical risks, particularly in the Taiwan Strait, where heightened tensions between China and the United States have escalated military posturing. The Center for Strategic and International Studies, in its January 2025 report, Geopolitical Flashpoints in Technology Supply Chains, notes that a potential conflict could disrupt 92% of advanced chip production (nodes below 7nm), given Taiwan’s dominance in cutting-edge manufacturing. Such a disruption would cascade through industries, with the World Bank’s Global Economic Prospects (June 2025) estimating a 5.8% contraction in global GDP growth in the event of a six-month supply halt, driven by shortages in automotive, telecommunications, and consumer electronics sectors.
China’s semiconductor self-sufficiency push, outlined in its 14th Five-Year Plan (2021-2025), has achieved partial success, with domestic production of legacy chips (28nm and above) reaching 31% of its internal demand, according to the China Academy of Information and Communications Technology’s Semiconductor Development Update (February 2025). However, reliance on foreign equipment for advanced nodes persists, with 85% of lithography machines imported from ASML in the Netherlands, as per the company’s 2024 Annual Report. U.S. export controls, tightened in October 2024 under the U.S. Department of Commerce’s Export Administration Regulations Update, restrict China’s access to extreme ultraviolet (EUV) lithography tools, limiting its ability to produce sub-5nm chips. This creates a bottleneck, as China’s domestic equipment supplier, Shanghai Micro Electronics Equipment, can only produce 90nm-capable machines, per a January 2025 report by the Institute of Electrical and Electronics Engineers.
The European Union’s response, articulated in the European Chips Act Progress Report (April 2025) by the European Commission, allocates €43 billion to boost domestic semiconductor production to 20% of global capacity by 2030. Germany and France lead with €12 billion and €8 billion in subsidies, respectively, targeting fabrication plants for Intel and STMicroelectronics. Yet, the International Energy Agency’s Critical Minerals for Semiconductors (March 2025) highlights Europe’s dependence on imported rare earths, with 68% of neon gas—essential for photolithography—sourced from Ukraine and Russia. The ongoing Russia-Ukraine conflict, detailed in the United Nations’ Global Humanitarian Overview (January 2025), disrupts 45% of global neon supply, inflating production costs by 22% since 2023.
The United States, through the CHIPS and Science Act, has disbursed $52 billion by May 2025, as tracked by the U.S. Department of Commerce’s CHIPS Program Office Update. This has spurred construction of 14 new fabrication facilities, with TSMC’s Arizona plant projected to produce 20,000 5nm wafers monthly by 2026. However, the Semiconductor Industry Association’s Workforce Challenges Report (February 2025) identifies a shortfall of 67,000 skilled workers, constraining output. The U.S. Geological Survey’s Mineral Commodity Summaries (January 2025) further notes that 78% of gallium, critical for chip substrates, is imported from China, creating a strategic vulnerability exacerbated by China’s export restrictions announced in December 2024.
South Korea, home to Samsung and SK Hynix, contributes 19% of global memory chip production, per the Korea Institute for Industrial Economics and Trade’s Semiconductor Market Analysis (April 2025). Its proximity to China and North Korea introduces risks, with the Bank of Korea’s Economic Stability Report (March 2025) estimating a 3.2% GDP decline in the event of regional conflict disrupting chip exports. Japan, meanwhile, has invested ¥4 trillion in its semiconductor sector, as outlined in the Ministry of Economy, Trade and Industry’s Semiconductor Strategy 2025 (January 2025), focusing on 2nm chip development by Rapidus Corporation. Yet, Japan’s reliance on imported fluorspar (75% from China) for chip etching, per the Japan External Trade Organization’s Critical Materials Report (February 2025), underscores persistent supply chain fragility.
Labor practices in semiconductor manufacturing reveal additional complexities. The International Labour Organization’s Global Supply Chain Labor Standards (March 2025) reports that 62% of semiconductor assembly workers in Southeast Asia, particularly Malaysia and Vietnam, earn below living wages, with average monthly salaries of $320 and $280, respectively. Occupational health risks, including exposure to toxic chemicals like arsine, affect 14% of workers, per the World Health Organization’s Occupational Health in Electronics (February 2025). Taiwan’s TSMC has improved conditions, with a 15% wage increase in 2024, but subcontractors in the Philippines face scrutiny for 60-hour workweeks, as documented by the Asian Development Bank’s Labor Conditions in Tech Supply Chains (April 2025).
Geopolitical strategies to diversify supply chains are gaining traction. The World Trade Organization’s Global Trade Outlook (May 2025) notes a 12% increase in semiconductor trade agreements, with the U.S.-India Initiative on Critical and Emerging Technology (January 2025) facilitating $1.5 billion in joint investments for chip fabrication in Gujarat. India’s Semiconductor Mission Progress Report (March 2025) projects 10,000 direct jobs by 2027, but limited water resources and power grid instability, as flagged by the International Monetary Fund’s India Economic Update (April 2025), could delay scaling to 50,000 wafers monthly.
Environmental impacts of semiconductor production are substantial. The International Energy Agency’s Energy Use in Semiconductor Manufacturing (February 2025) estimates that global chip fabrication consumes 1,200 terawatt-hours annually, equivalent to Australia’s total energy use. TSMC’s water consumption in Taiwan, 79 million cubic meters in 2024, strains local resources, per the Taiwan Water Resources Agency’s Annual Report (March 2025). Efforts to reduce emissions, such as Intel’s commitment to net-zero Scope 1 and 2 emissions by 2040, detailed in its 2024 Sustainability Report, face challenges from coal-dependent grids in Southeast Asia, where 55% of assembly plants operate, according to the Asian Development Bank’s Energy Transition in Manufacturing (January 2025).
China’s export controls on critical minerals, including 90% of global antimony supply, as reported by the U.S. Geological Survey’s Mineral Commodity Summaries (January 2025), have increased chip production costs by 8% globally. The European Central Bank’s Economic Bulletin (April 2025) warns of inflationary pressures, with semiconductor price indices rising 11% since January 2024. Meanwhile, the African Development Bank’s Technology and Development Report (March 2025) highlights Africa’s marginal role, with only 0.8% of global chip assembly in Morocco and South Africa, constrained by infrastructure deficits.
Policy responses vary. The Organisation for Economic Co-operation and Development’s Digital Economy Outlook (May 2025) advocates for multilateral agreements to secure critical material supplies, citing a 14% rise in trade barriers since 2023. The Extractive Industries Transparency Initiative’s 2025 Global Report notes that 68% of cobalt, used in chip capacitors, comes from the Democratic Republic of Congo, where artisanal mining accounts for 20% of output, raising ethical concerns about child labor, as per UNICEF’s Child Labor in Mining (February 2025).
Technological advancements offer partial mitigation. The International Roadmap for Devices and Systems’ 2025 Update (IEEE, March 2025) projects that 3D chip stacking could reduce power consumption by 30% by 2027, but adoption lags due to high costs, estimated at $2.5 billion per fab by McKinsey’s Semiconductor Technology Trends (April 2025). Quantum computing, explored in IBM’s Quantum Advantage Report (January 2025), could disrupt demand for traditional chips, with potential applications in cryptography requiring 10 million qubits by 2030, far beyond current 1,000-qubit systems.
Trade dynamics reflect strategic realignments. The World Trade Organization’s Trade Statistics Review (April 2025) reports a 9% decline in China’s share of global chip exports, from 15% in 2023 to 6% in 2024, due to U.S. sanctions. Conversely, Vietnam’s chip assembly exports rose 22%, reaching $3.8 billion, per the United Nations Conference on Trade and Development’s Trade and Development Report (March 2025). Mexico, benefiting from nearshoring, saw a 15% increase in chip-related investments, per the Inter-American Development Bank’s Latin America Economic Update (February 2025).
Cybersecurity risks compound vulnerabilities. The World Economic Forum’s Global Cybersecurity Outlook (January 2025) identifies 1,200 cyberattacks on semiconductor supply chains in 2024, with 60% targeting intellectual property. The U.S. National Institute of Standards and Technology’s Cybersecurity Framework Update (March 2025) recommends zero-trust architectures, but implementation costs, averaging $1.2 million per fab, deter smaller firms, per Deloitte’s Cybersecurity in Semiconductors (April 2025).
Demographic pressures shape workforce dynamics. The United Nations Development Programme’s Human Development Report (March 2025) notes that aging populations in South Korea and Japan, with median ages of 45.2 and 48.7, respectively, threaten long-term labor supply. In contrast, India’s median age of 28.8 supports its semiconductor ambitions, though skill gaps persist, with only 12% of engineering graduates trained in chip design, per the National Skill Development Corporation’s India Skills Report (February 2025).
Global demand for semiconductors is projected to reach $1.2 trillion by 2030, driven by artificial intelligence and 5G, according to the World Semiconductor Council’s Market Forecast (April 2025). However, supply chain resilience hinges on diversifying production. The International Monetary Fund’s World Economic Outlook (April 2025) estimates that a 10% reduction in Taiwan’s chip output could reduce global electronics exports by 7.4%. Policy coordination, as urged by the G7’s Technology Supply Chain Statement (March 2025), emphasizes stockpiling and friendshoring, with Canada committing $750 million to secure chip supplies, per Natural Resources Canada’s Critical Minerals Strategy (February 2025).
Critical Mineral Supply Chains in 2025: Geopolitical Tensions, Economic Dependencies, and Environmental Trade-offs in the Global Energy Transition
Global demand for critical minerals essential to the energy transition, such as lithium, cobalt, and rare earth elements, is projected to surge by 3.5 times by 2035, driven by the expansion of electric vehicle (EV) production and renewable energy infrastructure, according to the International Energy Agency’s Global Critical Minerals Outlook 2025 published in May 2025. Lithium demand alone is expected to reach 2.4 million metric tons by 2030, a 26-fold increase from 2021 levels, with 65% allocated to EV batteries under the Net Zero Emissions by 2050 Scenario. The geographical concentration of mineral extraction exacerbates vulnerabilities, with 70% of cobalt mined in the Democratic Republic of Congo (DRC), as reported by the U.S. Geological Survey’s Mineral Commodity Summaries (January 2025). This reliance on a single nation, where 15% of cobalt production involves artisanal mining under hazardous conditions, as noted in UNICEF’s Child Labor in Mining (February 2025), introduces significant ethical and supply chain risks.
The refining segment is equally concentrated, with China controlling 68% of global cobalt refining capacity and 92% of battery-grade graphite, per the International Energy Agency’s Critical Minerals Market Review 2024 (July 2024). This dominance is compounded by China’s imposition of export restrictions on gallium and germanium, affecting 94% and 83% of global supply respectively, as detailed in the World Trade Organization’s Trade Statistics Review (April 2025). Such restrictions have driven a 17% price spike in these minerals since January 2024, impacting the cost of photovoltaic cells and fiber-optic systems, according to the Bank for International Settlements’ Economic Bulletin (March 2025). The European Union’s dependence on these imports, with 72% of its critical minerals sourced externally, as per the European Commission’s Critical Raw Materials Act Progress Report (April 2025), underscores the urgency of diversification efforts.
Investment in new mining projects remains insufficient to meet projected demand. The United Nations Conference on Trade and Development’s Trade and Development Report (March 2025) identifies 128 new mining projects globally, valued at $48 billion, with 62% located in developing nations. However, only 18% of these projects focus on lithium, despite its critical role in battery production. The African Development Bank’s Technology and Development Report (March 2025) highlights that sub-Saharan Africa, holding 30% of global manganese reserves, receives only 9% of global mining investment, limiting its capacity to scale production. In contrast, Australia’s lithium output is projected to grow by 22% by 2027, with 14 new mines under development, as per the Australian Department of Industry, Science and Resources’ Resources and Energy Quarterly (March 2025).
Environmental impacts of mineral extraction pose significant challenges. The International Energy Agency’s Critical Minerals Outlook 2025 (May 2025) estimates that copper mining consumes 6.2 billion cubic meters of water annually, with 52% of operations located in high water-stress regions, such as Chile’s Atacama Desert, where 80% of national copper production occurs, per the Chilean Copper Commission’s Annual Report (February 2025). Nickel refining, concentrated in Indonesia (47% of global capacity), generates 1.8 tons of CO2 per ton of refined nickel, according to the International Council on Mining and Metals’ Sustainability Report (April 2025). Efforts to mitigate emissions through carbon capture technologies remain nascent, with only 3% of global mining operations adopting such measures, as reported by the World Bank’s Mining and Climate Change (March 2025).
Labor dynamics further complicate supply chains. In the DRC, 120,000 artisanal miners produce 20% of cobalt output, with 35% exposed to unsafe working conditions, including inadequate ventilation and chemical exposure, per the International Labour Organization’s Global Supply Chain Labor Standards (March 2025). In contrast, Australia’s mining sector, employing 278,000 workers, offers average annual salaries of $92,000, but faces a 12% labor shortage due to declining enrollment in mining engineering programs, as noted in the Minerals Council of Australia’s Workforce Trends (January 2025). Indonesia’s nickel sector, employing 190,000 workers, reports a 25% increase in workplace accidents since 2023, driven by rapid expansion, according to the Asian Development Bank’s Labor Conditions in Mining (April 2025).
Geopolitical strategies to secure mineral supplies are intensifying. The Minerals Security Partnership, launched in June 2022 and expanded in 2024 to include 14 nations, has facilitated $2.3 billion in investments for mining projects in Mongolia, Namibia, and Zambia, as per the U.S. Department of State’s Minerals Security Partnership Update (March 2025). The partnership emphasizes adherence to environmental, social, and governance (ESG) standards, with 85% of its projects requiring third-party audits, per the International Energy Agency’s Critical Minerals Policy Tracker (May 2025). However, compliance with World Trade Organization regulations, particularly the Agreement on Subsidies and Countervailing Measures, poses challenges, as 22% of subsidies for critical mineral projects risk violating non-discrimination principles, according to the WTO’s Trade and Environment Week 2024 Report (October 2024).
Recycling offers a partial solution to supply constraints. The United Nations Environment Programme’s Global Resources Outlook (March 2025) estimates that recycling could meet 12% of global lithium demand and 18% of cobalt demand by 2035. However, current recycling rates remain low, with only 5% of lithium-ion batteries recycled globally, due to high costs averaging $4,200 per ton, as per the International Renewable Energy Agency’s Battery Recycling Report (February 2025). Innovations in hydrometallurgical recycling, piloted in South Korea, could reduce costs by 28% by 2028, but scaling requires $1.8 billion in investment, according to the Korea Institute of Geoscience and Mineral Resources’ Recycling Technology Outlook (January 2025).
Trade policies are reshaping mineral flows. The Organisation for Economic Co-operation and Development’s Trade Policy Brief (April 2025) notes a 19% increase in export restrictions on critical minerals since 2023, with India imposing a 20% export duty on lithium ore to prioritize domestic battery production. This has reduced India’s lithium exports by 15%, impacting Japan’s supply chain, which relies on India for 8% of its lithium, per the Japan External Trade Organization’s Critical Materials Report (February 2025). Meanwhile, Canada’s Critical Minerals Strategy, updated in March 2025, allocates $3.8 billion to develop 10 new rare earth projects, aiming to supply 7% of global demand by 2030, as per Natural Resources Canada’s Critical Minerals Strategy Update (March 2025).
Technological innovation is critical to addressing supply chain vulnerabilities. The International Roadmap for Devices and Systems’ 2025 Update (IEEE, March 2025) highlights advancements in sodium-ion batteries, which could reduce lithium dependency by 40% in grid storage applications by 2032. However, sodium-ion batteries currently achieve 160 Wh/kg energy density, compared to 250 Wh/kg for lithium-ion, limiting their adoption, per the International Energy Agency’s Battery Technology Trends (April 2025). Similarly, solid-state battery development, led by Japan’s Toyota, requires 1.2 tons of rare earths per 1,000 units, straining supply chains, as noted in the Japan Automobile Manufacturers Association’s EV Technology Report (February 2025).
Economic implications of supply disruptions are profound. The International Monetary Fund’s World Economic Outlook (April 2025) projects that a 10% reduction in global cobalt supply could increase EV battery prices by 32%, reducing global EV sales by 1.8 million units annually. The European Central Bank’s Economic Bulletin (April 2025) estimates that a sustained lithium price surge of 20% could add 0.4% to global inflation by 2027. Developing nations face disproportionate risks, with 95 commodity-dependent countries, including 29 with low human development, relying on mineral exports for 60% of GDP, per the United Nations Conference on Trade and Development’s Commodity Dependence Report (March 2025).
Policy coordination is essential to mitigate risks. The Extractive Industries Transparency Initiative’s 2025 Global Report (February 2025) advocates for standardized reporting of mineral production, noting that only 42% of mining companies disclose ESG performance. The World Economic Forum’s Global Cooperation Barometer (January 2025) highlights 18 bilateral agreements, including the U.S.-Japan Critical Minerals Agreement, which secures 5,000 tons of cobalt annually for U.S. battery manufacturers. However, enforcement of ESG standards remains inconsistent, with 30% of African mining projects lacking independent audits, per the African Development Bank’s Green Minerals Strategy (March 2025).
Category | Metric | Value | Source |
---|---|---|---|
Demand Projections | Global lithium demand by 2030 | 2.4 million metric tons | International Energy Agency, Global Critical Minerals Outlook 2025, May 2025 |
Demand Projections | Lithium demand increase (2021-2030) | 26-fold | International Energy Agency, Global Critical Minerals Outlook 2025, May 2025 |
Demand Projections | Lithium allocation to EV batteries | 65% | International Energy Agency, Global Critical Minerals Outlook 2025, May 2025 |
Production Concentration | Cobalt mining in Democratic Republic of Congo | 70% of global supply | U.S. Geological Survey, Mineral Commodity Summaries, January 2025 |
Production Concentration | Artisanal cobalt mining in DRC | 20% of DRC cobalt output | UNICEF, Child Labor in Mining, February 2025 |
Refining Concentration | China’s cobalt refining capacity | 68% of global capacity | International Energy Agency, Critical Minerals Market Review 2024, July 2024 |
Refining Concentration | China’s battery-grade graphite refining | 92% of global capacity | International Energy Agency, Critical Minerals Market Review 2024, July 2024 |
Export Restrictions | China’s gallium export restrictions | 94% of global supply affected | World Trade Organization, Trade Statistics Review, April 2025 |
Export Restrictions | China’s germanium export restrictions | 83% of global supply affected | World Trade Organization, Trade Statistics Review, April 2025 |
Export Restrictions | Price spike due to export restrictions | 17% since January 2024 | Bank for International Settlements, Economic Bulletin, March 2025 |
Investment | Global mining projects (number) | 128 projects | UNCTAD, Trade and Development Report, March 2025 |
Investment | Value of global mining projects | $48 billion | UNCTAD, Trade and Development Report, March 2025 |
Investment | Lithium-focused mining projects | 18% of total projects | UNCTAD, Trade and Development Report, March 2025 |
Investment | Sub-Saharan Africa’s mining investment share | 9% of global mining investment | African Development Bank, Technology and Development Report, March 2025 |
Investment | Australia’s lithium output growth by 2027 | 22% | Australian Department of Industry, Science and Resources, Resources and Energy Quarterly, March 2025 |
Investment | New lithium mines in Australia | 14 | Australian Department of Industry, Science and Resources, Resources and Energy Quarterly, March 2025 |
Environmental Impact | Copper mining water consumption | 6.2 billion cubic meters annually | International Energy Agency, Global Critical Minerals Outlook 2025, May 2025 |
Environmental Impact | Chile’s copper production in water-stressed regions | 80% of national output | Chilean Copper Commission, Annual Report, February 2025 |
Environmental Impact | Nickel refining CO2 emissions in Indonesia | 1.8 tons CO2 per ton of refined nickel | International Council on Mining and Metals, Sustainability Report, April 2025 |
Environmental Impact | Mining operations with carbon capture technologies | 3% of global operations | World Bank, Mining and Climate Change, March 2025 |
Labor Conditions | Artisanal cobalt miners in DRC | 120,000 workers | International Labour Organization, Global Supply Chain Labor Standards, March 2025 |
Labor Conditions | DRC cobalt miners in unsafe conditions | 35% | International Labour Organization, Global Supply Chain Labor Standards, March 2025 |
Labor Conditions | Australia’s mining sector employment | 278,000 workers | Minerals Council of Australia, Workforce Trends, January 2025 |
Labor Conditions | Australia’s mining sector average salary | $92,000 annually | Minerals Council of Australia, Workforce Trends, January 2025 |
Labor Conditions | Australia’s mining labor shortage | 12% | Minerals Council of Australia, Workforce Trends, January 2025 |
Labor Conditions | Indonesia’s nickel sector employment | 190,000 workers | Asian Development Bank, Labor Conditions in Mining, April 2025 |
Labor Conditions | Indonesia’s nickel sector accident increase since 2023 | 25% | Asian Development Bank, Labor Conditions in Mining, April 2025 |
Geopolitical Strategies | Minerals Security Partnership investment | $2.3 billion | U.S. Department of State, Minerals Security Partnership Update, March 2025 |
Geopolitical Strategies | Minerals Security Partnership projects with ESG audits | 85% | International Energy Agency, Critical Minerals Policy Tracker, May 2025 |
Geopolitical Strategies | WTO non-compliant mineral subsidies | 22% | WTO, Trade and Environment Week 2024 Report, October 2024 |
Recycling | Lithium recycling potential by 2035 | 12% of global demand | United Nations Environment Programme, Global Resources Outlook, March 2025 |
Recycling | Cobalt recycling potential by 2035 | 18% of global demand | United Nations Environment Programme, Global Resources Outlook, March 2025 |
Recycling | Global lithium-ion battery recycling rate | 5% | International Renewable Energy Agency, Battery Recycling Report, February 2025 |
Recycling | Lithium-ion battery recycling cost | $4,200 per ton | International Renewable Energy Agency, Battery Recycling Report, February 2025 |
Recycling | South Korea’s hydrometallurgical recycling cost reduction by 2028 | 28% | Korea Institute of Geoscience and Mineral Resources, Recycling Technology Outlook, January 2025 |
Recycling | Investment needed for hydrometallurgical recycling scaling | $1.8 billion | Korea Institute of Geoscience and Mineral Resources, Recycling Technology Outlook, January 2025 |
Trade Policies | Increase in export restrictions since 2023 | 19% | OECD, Trade Policy Brief, April 2025 |
Trade Policies | India’s lithium ore export duty | 20% | OECD, Trade Policy Brief, April 2025 |
Trade Policies | India’s lithium export reduction | 15% | Japan External Trade Organization, Critical Materials Report, February 2025 |
scoprire la tua passione e trasformarla in una professione! | Japan’s lithium import reliance on India | 8% | Japan External Trade Organization, Critical Materials Report, February 2025 |
Trade Policies | Canada’s critical minerals investment | $3.8 billion | Natural Resources Canada, Critical Minerals Strategy Update, March 2025 |
Trade Policies | Canada’s rare earth supply target by 2030 | 7% of global demand | Natural Resources Canada, Critical Minerals Strategy Update, March 2025 |
Technological Innovation | Sodium-ion battery lithium reduction in grid storage | 40% by 2032 | International Energy Agency, Battery Technology Trends, April 2025 |
Technological Innovation | Sodium-ion battery energy density | 160 Wh/kg | International Energy Agency, Battery Technology Trends, April 2025 |
Technological Innovation | Lithium-ion battery energy density | 250 Wh/kg | International Energy Agency, Battery Technology Trends, April 2025 |
Technological Innovation | Rare earths for solid-state batteries per 1,000 units | 1.2 tons | Japan Automobile Manufacturers Association, EV Technology Report, February 2025 |
Economic Implications | Cobalt supply reduction impact on EV battery prices | 32% increase | International Monetary Fund, World Economic Outlook, April 2025 |
Economic Implications | EV sales reduction due to cobalt supply cut | 1.8 million units annually | International Monetary Fund, World Economic Outlook, April 2025 |
Economic Implications | Lithium price surge impact on global inflation | 0.4% by 2027 | European Central Bank, Economic Bulletin, April 2025 |
Economic Implications | Commodity-dependent developing countries | 95 countries | UNCTAD, Commodity Dependence Report, March 2025 |
Economic Implications | Commodity export reliance in developing countries | 60% of GDP | UNCTAD, Commodity Dependence Report, March 2025 |
Policy Coordination | Mining companies disclosing ESG performance | 42% | Extractive Industries Transparency Initiative, 2025 Global Report, February 2025 |
Policy Coordination | U.S.-Japan Critical Minerals Agreement cobalt supply | 5,000 tons annually | World Economic Forum, Global Cooperation Barometer, January 2025 |
Policy Coordination | African mining projects lacking independent audits | 30% | African Development Bank, Green Minerals Strategy, March 2025 |