As South Korean companies shift their supply chains to Africa for critical minerals, they face significant challenges due to inconsistent economic policies and a lack of reliability, robust trade financing and continuity.

The Interbattery Forum 2024, held in Seoul in March, highlighted the intensifying competition between South Korean and Chinese battery-making companies as they fight to expand their market share and secure a stable supply of raw materials.

Electric vehicle batteries require critical minerals such as nickel and graphite. South Korean manufacturers have relied heavily on Chinese mines to acquire these minerals, with 95% of the graphite used in