IBOV 171,304 ▼ 0.11% IPSA 10,900 ▲ 1.48% IPC MEX 67,821 ▲ 1.26% MERVAL 3,365,469 ▲ 0.37% COLCAP 2,379.73 ▲ 1.23% BVL PERÚ 34,937.73 ▲ 0.29% USD/BRL 5.07 ▼ 0.41% USD/MXN 17.18 ▼ 0.36% USD/CLP 897.53 ▼ 0.53% USD/COP 3,479 ▼ 2.24% USD/PEN 3.38 ▼ 0.57% USD/ARS 1,432 ▼ 0.07% USD/UYU 40.54 ▲ 1.33% USD/PYG 6,094 ▲ 0.45% USD/BOB 6.85 ▲ 1.63% USD/DOP 58.68 ▲ 1.74% USD/CRC 451.82 ▲ 1.15% USD/GTQ 7.61 ▲ 2.17% USD/HNL 26.65 ▲ 1.30% USD/NIO 36.62 ▲ 0.67% USD/VES 581.23 ▲ 0.76% USD/PAB 1.00 ▲ 2.17% USD/BZD 2.00 ▲ 1.60% USD/JMD 157.59 ▲ 0.75% USD/TTD 6.76 ▲ 1.51% EUR/BRL 5.87 ▼ 1.86% BRENT 87.97 ▼ 2.67% WTI 85.24 ▼ 2.82% IRON ORE 161.91 — — COPPER 6.43 ▲ 2.67% GOLD 4,227 ▲ 3.33% SILVER 67.20 ▲ 5.19% SOY 1,117 ▲ 0.16% CORN 414.50 ▲ 0.67% WHEAT 590.50 ▲ 0.64% COFFEE 252.10 ▼ 0.73% SUGAR 14.41 ▲ 4.50% ORANGE JUICE 166.20 ▲ 0.24% COTTON 76.54 ▲ 5.59% COCOA 3,892 ▲ 4.91% BEEF 239.33 ▼ 4.83% CATTLE 356.20 ▼ 0.96% LITHIUM 82.26 ▲ 1.88% PETR4 41.14 ▼ 1.48% VALE3 78.94 ▲ 0.18% ITUB4 40.80 ▲ 0.74% BBDC4 17.75 ▲ 0.40% ABEV3 16.58 ▼ 0.36% BBAS3 19.44 ▲ 0.15% B3SA3 15.27 ▼ 1.10% WEGE3 42.77 ▲ 0.99% PRIO3 61.40 ▼ 1.05% SUZB3 41.19 ▼ 0.24% RENT3 40.69 ▼ 0.27% AZZA3 17.28 ▼ 1.31% CSAN3 3.33 ▼ 1.19% RAIZ4 0.44 ▲ 2.33% PCAR3 1.44 ▼ 1.37% GMAT3 4.02 ▼ 2.43% PSSA3 49.74 ▲ 0.46% CVCB3 1.33 ▲ 0.76% POSI3 3.61 ▲ 2.27% SLCE3 14.43 ▼ 1.70% NATU3 8.48 ▼ 0.35% BRKM5 9.48 ▼ 2.77% RANI3 7.90 ▼ 0.63% CSNA3 6.04 ▲ 0.50% CMIN3 4.34 — 0.00% USIM5 10.87 ▲ 0.18% GGBR4 23.97 ▲ 0.63% ENEV3 24.57 ▲ 0.70% NEOE3 33.80 — 0.00% CPFE3 44.41 ▲ 0.09% CMIG4 10.82 ▲ 0.09% EQTL3 38.94 ▲ 0.13% LREN3 15.38 ▼ 0.07% VIVT3 33.84 ▼ 0.06% RAIL3 13.37 ▼ 0.89% KLABIN 16.73 ▼ 0.30% RAIA DROGASIL 17.77 ▲ 0.85% RDOR3 34.19 ▲ 0.44% HAPV3 11.65 ▲ 0.52% FLRY3 15.14 ▼ 0.13% SMTO3 15.94 ▼ 1.42% UGPA3 24.94 ▼ 0.16% VBBR3 29.36 ▼ 0.58% BBSE3 37.91 ▲ 0.29% BPAC11 50.51 ▲ 0.06% CURY3 32.32 ▲ 1.38% AERI3 2.32 ▼ 0.85% VIVARA 21.24 ▲ 0.14% COMPASS 25.58 ▲ 1.27% VAMOS 2.99 ▲ 1.70% SANB11 27.43 ▲ 0.96% ASAI3 8.14 ▼ 1.21% SBSP3 27.74 ▼ 0.40% WALMEX 51.96 ▲ 0.29% GMEXICO 209.62 ▲ 1.45% FEMSA 222.49 ▲ 0.41% CEMEX 22.30 ▲ 1.92% GFNORTE 186.00 ▲ 1.85% BIMBO 58.43 ▲ 0.33% TELEVISA 9.84 ▼ 0.10% AMX 24.06 ▲ 0.92% GAP 404.25 ▲ 1.84% ASUR 288.06 ▲ 1.41% OMA 217.48 ▲ 1.91% KOF 187.58 ▲ 1.36% GRUMA 296.51 ▲ 1.03% KIMBER 37.14 ▲ 1.67% SQM-B 74,900 ▲ 3.16% COPEC 6,176 ▲ 0.27% BSANTANDER 73.78 ▲ 1.85% FALABELLA 5,983 ▲ 0.22% ENELAM 78.00 ▲ 1.02% CENCOSUD 2,260 ▲ 3.67% CMPC 1,069 ▲ 2.75% BANCO CHILE 181.46 ▲ 1.80% LATAM AIR 23.34 ▲ 0.82% YPF 84,825 ▲ 1.34% GGAL 8,230 ▼ 0.48% PAMPA 5,330 ▲ 0.47% TXAR 695.50 ▼ 0.71% ALUAR 1,033 ▲ 0.58% TGS 9,920 ▲ 0.20% CEPU 2,376 ▼ 0.79% MIRGOR 17,325 ▲ 0.29% COME 46.13 ▲ 0.15% LOMA NEGRA 3,720 ▼ 0.80% BYMA 299.00 ▼ 1.40% TELECOM ARG 4,635 ▼ 2.52% ECOPETROL 16.26 — 0.00% BANCOLOMBIA 81.82 ▲ 1.22% GRUPO AVAL 5.54 ▲ 2.97% CREDICORP 371.85 ▲ 0.94% SOUTHERN COPPER 186.46 ▲ 2.36% BUENAVENTURA 33.16 ▲ 1.21% MERCADOLIBRE 1,572 ▼ 2.39% NUBANK 12.16 ▲ 0.54% XP 15.88 ▲ 1.47% PAGSEGURO 8.91 ▼ 0.34% STONE 11.22 ▼ 0.27% GLOBANT 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85.24 ▼ 2.82% IRON ORE 161.91 — — COPPER 6.43 ▲ 2.67% GOLD 4,227 ▲ 3.33% SILVER 67.20 ▲ 5.19% SOY 1,117 ▲ 0.16% CORN 414.50 ▲ 0.67% WHEAT 590.50 ▲ 0.64% COFFEE 252.10 ▼ 0.73% SUGAR 14.41 ▲ 4.50% ORANGE JUICE 166.20 ▲ 0.24% COTTON 76.54 ▲ 5.59% COCOA 3,892 ▲ 4.91% BEEF 239.33 ▼ 4.83% CATTLE 356.20 ▼ 0.96% LITHIUM 82.26 ▲ 1.88% PETR4 41.14 ▼ 1.48% VALE3 78.94 ▲ 0.18% ITUB4 40.80 ▲ 0.74% BBDC4 17.75 ▲ 0.40% ABEV3 16.58 ▼ 0.36% BBAS3 19.44 ▲ 0.15% B3SA3 15.27 ▼ 1.10% WEGE3 42.77 ▲ 0.99% PRIO3 61.40 ▼ 1.05% SUZB3 41.19 ▼ 0.24% RENT3 40.69 ▼ 0.27% AZZA3 17.28 ▼ 1.31% CSAN3 3.33 ▼ 1.19% RAIZ4 0.44 ▲ 2.33% PCAR3 1.44 ▼ 1.37% GMAT3 4.02 ▼ 2.43% PSSA3 49.74 ▲ 0.46% CVCB3 1.33 ▲ 0.76% POSI3 3.61 ▲ 2.27% SLCE3 14.43 ▼ 1.70% NATU3 8.48 ▼ 0.35% BRKM5 9.48 ▼ 2.77% RANI3 7.90 ▼ 0.63% CSNA3 6.04 ▲ 0.50% CMIN3 4.34 — 0.00% USIM5 10.87 ▲ 0.18% GGBR4 23.97 ▲ 0.63% ENEV3 24.57 ▲ 0.70% NEOE3 33.80 — 0.00% CPFE3 44.41 ▲ 0.09% CMIG4 10.82 ▲ 0.09% EQTL3 38.94 ▲ 0.13% LREN3 15.38 ▼ 0.07% VIVT3 33.84 ▼ 0.06% RAIL3 13.37 ▼ 0.89% KLABIN 16.73 ▼ 0.30% RAIA DROGASIL 17.77 ▲ 0.85% RDOR3 34.19 ▲ 0.44% HAPV3 11.65 ▲ 0.52% FLRY3 15.14 ▼ 0.13% SMTO3 15.94 ▼ 1.42% UGPA3 24.94 ▼ 0.16% VBBR3 29.36 ▼ 0.58% BBSE3 37.91 ▲ 0.29% BPAC11 50.51 ▲ 0.06% CURY3 32.32 ▲ 1.38% AERI3 2.32 ▼ 0.85% VIVARA 21.24 ▲ 0.14% COMPASS 25.58 ▲ 1.27% VAMOS 2.99 ▲ 1.70% SANB11 27.43 ▲ 0.96% ASAI3 8.14 ▼ 1.21% SBSP3 27.74 ▼ 0.40% WALMEX 51.96 ▲ 0.29% GMEXICO 209.62 ▲ 1.45% FEMSA 222.49 ▲ 0.41% CEMEX 22.30 ▲ 1.92% GFNORTE 186.00 ▲ 1.85% BIMBO 58.43 ▲ 0.33% TELEVISA 9.84 ▼ 0.10% AMX 24.06 ▲ 0.92% GAP 404.25 ▲ 1.84% ASUR 288.06 ▲ 1.41% OMA 217.48 ▲ 1.91% KOF 187.58 ▲ 1.36% GRUMA 296.51 ▲ 1.03% KIMBER 37.14 ▲ 1.67% SQM-B 74,900 ▲ 3.16% COPEC 6,176 ▲ 0.27% BSANTANDER 73.78 ▲ 1.85% FALABELLA 5,983 ▲ 0.22% ENELAM 78.00 ▲ 1.02% CENCOSUD 2,260 ▲ 3.67% CMPC 1,069 ▲ 2.75% BANCO CHILE 181.46 ▲ 1.80% LATAM AIR 23.34 ▲ 0.82% YPF 84,825 ▲ 1.34% GGAL 8,230 ▼ 0.48% PAMPA 5,330 ▲ 0.47% TXAR 695.50 ▼ 0.71% ALUAR 1,033 ▲ 0.58% TGS 9,920 ▲ 0.20% CEPU 2,376 ▼ 0.79% MIRGOR 17,325 ▲ 0.29% COME 46.13 ▲ 0.15% LOMA NEGRA 3,720 ▼ 0.80% BYMA 299.00 ▼ 1.40% TELECOM ARG 4,635 ▼ 2.52% ECOPETROL 16.26 — 0.00% BANCOLOMBIA 81.82 ▲ 1.22% GRUPO AVAL 5.54 ▲ 2.97% CREDICORP 371.85 ▲ 0.94% SOUTHERN COPPER 186.46 ▲ 2.36% BUENAVENTURA 33.16 ▲ 1.21% MERCADOLIBRE 1,572 ▼ 2.39% NUBANK 12.16 ▲ 0.54% XP 15.88 ▲ 1.47% PAGSEGURO 8.91 ▼ 0.34% STONE 11.22 ▼ 0.27% GLOBANT 37.30 ▲ 2.42% TECNOGLASS 44.11 ▲ 0.85% GAP AIRPORT 234.97 ▲ 2.25% ASUR 288.06 ▲ 1.41% OMA AIRPORT 100.80 ▲ 1.61% AMX ADR 27.99 ▲ 1.19% FEMSA ADR 129.50 ▲ 0.89% PETROBRAS ADR 18.23 ▼ 0.05% VALE ADR 15.52 ▲ 1.04% ITAU ADR 8.00 ▲ 1.07% SANTANDER BR 5.45 ▲ 1.49% AMBEV ADR 3.24 ▲ 0.62% CSN 1.21 ▼ 0.41% GERDAU 4.74 ▲ 1.61% LATAM ADR 51.59 ▲ 0.22% BTC 63,879 ▲ 0.50% ETH 1,679 ▲ 0.43% SOL 67.89 ▲ 1.60% XRP 1.15 ▲ 0.49% BNB 608.73 ▲ 0.61% ADA 0.17 ▲ 1.04% DOGE 0.09 ▲ 4.50% AVAX 6.65 ▲ 0.15% LINK 7.95 ▲ 0.86% DOT 0.97 ▲ 1.74% LTC 43.32 ▲ 1.91% BCH 206.79 ▲ 0.75% TRX 0.31 ▼ 0.96% XLM 0.19 ▲ 0.64% 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Friday, June 12, 2026

Africa World

Africa: The New Scramble

By · June 12, 2026 · 7 min read

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Africa · Geopolitics

Key Facts

What it is. A peaceful but intense contest among China, the US, Russia and the Gulf for Africa’s resources and influence.

The prize. Critical minerals such as cobalt, lithium, copper and rare earths that power clean energy and digital tech.

China leads. It has signed cooperation deals with 52 of Africa’s 54 countries and funds railways, ports and mines.

The West answers. The US-backed Lobito rail corridor aims to carry copper and cobalt to the Atlantic by 2030.

Africa’s edge. With suitors competing, African governments hold more bargaining power than they have in decades.

The scramble for Africa is back, only this time the prize is not territory but minerals, ports and influence, and the powers fighting over it are China, the United States, Russia and the Gulf. This guide explains who is competing, what they want, and why the contest over the world’s last great frontier matters far beyond the continent.

The new scramble for Africa: great powers compete for minerals and influence
Africa has become the central arena of a new great-power contest. (Photo: Wachi Mukuka, CC BY-SA 4.0, via Wikimedia Commons)
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Recent Developments · updated June 12, 2026

The race has sharpened in 2026 around critical minerals, with the US-backed Lobito corridor advancing as a Western answer to China’s rail and mining links, while Russia deepens its security-for-resources foothold across the Sahel. African governments, sensing their leverage, are pushing harder for processing and value to stay on the continent.

What the new scramble for Africa really means

More than a century ago, European empires carved up Africa among themselves at a conference table. The phrase the scramble for Africa has described that land grab ever since.

The new version is different in almost every way but one. No one is planting flags, yet the world’s most powerful states are once again competing hard for what the continent holds.

This time the contest is economic and strategic. It is fought with loans, railways, mines, military deals and diplomacy rather than gunboats.

The real prize: critical minerals

At the heart of it all lies the ground itself. Africa holds vast reserves of the minerals the modern world suddenly cannot do without.

Cobalt, lithium, copper and rare earths are the raw material of electric cars, batteries, wind turbines and the data centres behind artificial intelligence. As demand for them soars, so does the value of the countries that have them.

The Democratic Republic of Congo alone supplies most of the world’s cobalt. Zambia, Zimbabwe, South Africa and others sit on troves of copper, lithium and platinum that the energy transition needs.

China’s long game

For two decades China has played the patient hand, and it shows. It has signed cooperation agreements with 52 of Africa’s 54 countries and built roads, ports and power stations across the continent.

Much of that effort has a clear purpose: moving minerals from the interior to the sea. Beijing has poured money into rail links such as the Tanzania-Zambia line that carry copper and other ores toward export.

The result is a deep, established presence that rivals are now scrambling to match. China is not the newcomer in this story; everyone else is trying to catch up.

The American and European answer

Washington spent years treating Africa as an afterthought, and is now playing catch-up in earnest. Its strategy has shifted toward trade, investment and securing its own supply of critical minerals.

The flagship is the Lobito corridor, a rail and logistics project backed by the United States and Europe. It is designed to carry copper and cobalt from Congo and Zambia west to an Atlantic port in Angola, offering an alternative to Chinese routes.

The pitch to African partners is straightforward. The West offers higher standards, deeper capital markets and a counterweight to dependence on any single power.

Russia’s security-for-resources model

Russia is playing a narrower but disruptive game. Through its Africa Corps, the successor to the Wagner group, it offers security to governments that have fallen out with the West.

Across the Sahel, juntas that expelled French and American forces have welcomed Russian fighters instead. In return, Moscow gains influence and access to gold and other resources.

The Gulf and the other suitors

The field is wider than the old superpowers. The Gulf states, led by the United Arab Emirates and Saudi Arabia, have become major investors in African ports, farmland, mining and logistics.

Turkey, India and others are pressing their own cases too, with embassies, airlines and trade deals. For African capitals, the crowd of suitors is the whole point.

Africa’s leverage, and its dilemma

Here is the twist that makes this scramble unlike the last one. With so many powers competing, African governments hold more bargaining power than they have in generations.

Many are using it to demand more than raw exports. They want mines, refineries and processing built at home, so that the value of their minerals stays on the continent.

The dilemma is coordination. A continent of 54 states bargaining separately can be played off against itself, and the prize of unity remains frustratingly hard to reach.

Why the scramble for Africa matters to the world

The stakes are not only African. The minerals under this contest will help decide who leads the clean-energy and technology economy of the coming decades.

Africa is also the planet’s demographic future, home to the youngest and fastest-growing population on Earth. The partnerships forged now will shape global trade, migration and power for a generation.

That is why this is the frontier the powerful are fighting over. How Africa navigates the scramble may prove one of the defining stories of the century.

Full Coverage

The Rio Times tracks the new scramble across regions and beats. Explore our continuing Africa coverage:

Northern Africa

Western Africa

Central Africa

Eastern Africa

Southern Africa

BRICS 2026: the bloc reshaping the global order

Frequently asked questions

What is the new scramble for Africa?

It is the present-day competition among China, the United States, Russia and the Gulf states for Africa’s resources, markets and strategic influence. Unlike the colonial scramble, it is fought with investment, infrastructure and diplomacy rather than conquest.

Why are critical minerals so important?

Cobalt, lithium, copper and rare earths are essential to electric vehicles, batteries and digital technology. Africa holds huge reserves, which makes it central to the global energy transition.

Which countries are competing in Africa?

China is the established leader, with the United States and Europe playing catch-up through projects like the Lobito corridor. Russia offers security in the Sahel, while Gulf states, Turkey and India are also active.

Does Africa benefit from the scramble?

It can. Competition gives African governments real bargaining power to demand investment, jobs and local processing. The risk is that a divided continent gets played off against itself.

Explore Africa by region

Northern Africa · Western Africa · Eastern Africa · Central Africa · Southern Africa

Frequently Asked Questions

What is the new scramble for Africa?

It is the renewed great-power competition over Africa’s critical minerals, ports, military bases and political influence — chiefly between China, the United States and Europe, Russia and the Gulf states. It echoes the 19th-century colonial scramble, but is driven by resources and strategy rather than territory.

Why are great powers competing over Africa now?

Africa holds much of the world’s cobalt, lithium, copper, manganese and rare earths needed for the energy transition and technology, alongside the fastest-growing young population and key shipping routes. That makes it central to the next decades of economic and military power.

Which countries are most involved?

China is the continent’s largest trade partner and infrastructure builder; the United States and Europe are working to counter it and secure minerals; Russia provides security through its Africa Corps in the Sahel; and Gulf states such as the UAE and Saudi Arabia are investing heavily in ports and mining.

What does Africa get out of it?

Leverage. African governments increasingly play suitors against one another for better terms on infrastructure, mineral processing and investment, though critics warn of debt, resource dependence and renewed external interference.

How does this connect to BRICS?

The expanded BRICS bloc ties Africa to the wider Global South: South Africa is a founding member and Egypt and Ethiopia recently joined. That makes the continent a key arena in the contest between the BRICS group and the Western-led order — the same South–South thread that links it to Brazil and Latin America.

Part of our ongoing coverage

Africa: The New Scramble — the great-power contest over the continent.

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