Kincaid: Advanced technologies needed to unlock Africa's refining capability

Ben Kincaid, CEO of ReElement Technologies, recently sat down with CNBC Africa's Fifi Peters to discuss the urgent need for advanced technologies in Africa's mining sector, particularly in the area of mineral refinement. Kincaid highlighted the importance of bringing high-value refining technology to Africa, sharing that his company has commercialized a method in the United States that allows for the refinement of critical minerals to high-grade purity in a modular and scalable manner. This innovation opens up a world of partnership opportunities in Africa, both upstream with mining companies and downstream with manufacturers, including those in the electric vehicle (EV) industry. Kincaid emphasized the significance of creating a circular economy by refining lithium ores and recycling end-of-life lithium batteries to produce battery-grade metal, thus reducing the carbon footprint and bringing economic benefits to the region. The interview shed light on the challenges faced by Africa in moving away from the traditional extract-to-export model, citing the lack of technology as a major obstacle. Kincaid passionately advocated for a shift towards on-site refinement to unlock Africa's vast mineral resources and create a sustainable and self-sufficient value chain. The conversation also touched upon geopolitical dynamics and how partnerships with African nations can transcend political differences to drive economic growth and innovation. Kincaid's vision for ReElement Technologies extends beyond Ghana and South Africa, aiming to position the company at the forefront of the automotive industry and the EV transition across the continent. By leveraging advanced technologies and fostering strategic partnerships, Kincaid is optimistic about the transformative impact his company can have on Africa's mining and manufacturing landscape, heralding a new era of economic prosperity and resource sustainability.