Last Updated on: 21st November 2023, 11:29 pm
TELF AG, in its latest publication, titled TELF AG analyzes the UNCTAD report on raw materials analyses the UNCTAD (United Nations Conference on Trade and Development) report on raw materials. The UNCTAD report offers a strategic and global perspective on raw materials market trends and provides valuable advice to developing nations, particularly regarding the management of their natural resources.
The publication focuses on the United Nations guidelines related to raw materials and the implicit warnings to nations overly dependent on a single raw material. The recommended path is one of virtuous diversification, enabling nations to reduce their reliance on a single resource, broaden their economic horizons, and progress towards prosperity and sustainable development.
TELF AG places particular emphasis on the situation in African nations, which, despite their natural wealth in raw materials, including those crucial for the green transition, have historically not fully benefitted from their resources. These nations often received only a small percentage of the value associated with the extraction of raw minerals. The publication cites examples of African nations, such as Ghana, which have implemented policies to protect the value of their mineral wealth by limiting the export of raw ores. The goal is to enhance the value of production through advanced processing, resulting in increased revenue for national development.
The UNCTAD report suggests diversification and regional cooperation among developing nations, particularly in Africa, as a means to foster prosperity. The primary risk identified is that some nations may opt for single-resource concentration, potentially exposing themselves to market uncertainties.
For more detailed insights, readers are encouraged to explore the full publication.
