Market Intelligence—08.08.23
Macroeconomics
In addition to the already known areas of tension, there is now another: the coup in Niger and Russia’s growing influence in the region are further shifting the balance of power on the African continent. In particular, the former colonial power, France, continues to lose influence, which applies to Europe as a whole. In view of the refugee problem and Africa’s importance as a supplier of raw materials, this development must be viewed with great concern. China has become the largest cobalt producer in the region.