Banking service chronicle published this article page no 3 this article was published in the month of november southern african development community (sadc) why in news? recently the cii-exim bank regional conclave on indiasouthern africa growth partnership was held. more on news the conclave serves as a platform for dialogues between india southern african development community (sadc). the current conclave was aimed at enhancing the collaboration for realising the vision of usd 150 billion investment and usd 200 billion trade between india and africa by 2030. Banking service chronicle magazine at the conclave the exim bank in a report titled reinvigorating indias engagements with southern africa provided strategies to enhance engagement with the sadc. need for enhancing indias engagements with sadc sourcing critical minerals southern africa region is richly endowed in lithium graphite cobalt nickel copper and rare earth minerals. all of these are essential for building the global green economy of the future and they also comprise new market opportunities for net-zero transitions. preventing chinas monopoly the worlds rare earth elements (ree) market is largely controlled by china. with their rising demand the risk of china forming a monopoly on the industry has also increased. o africa is one of the regions targeted as an alternative source of ree commodities Banking service chronicle magazine subscription.
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