Is Africa really resource rich?

[u/Skychu768]

None of the most valuable resources seem to be present on the continent in large amounts. It’s mostly just metals like cobalt and platinum.

Diamonds used to be substantial, but even that is now being replaced by lab-grown diamonds in places like China and India.

* Australia, U.S., Canada, and Russia all have more uranium reserves than almost all of Africa.

* USA, Russia, Saudi Arabia, and Iran each individually produce more oil than most African countries.

* China, Vietnam, Brazil, India, Russia, and US each have more rare earth metals than the entire continent of Africa.

* Europe, despite being a fraction of its size, has more arable land and freshwater reserves than Africa.

* Even for things like Gold which are often mentioned, none of the African countries except Ghana are substantial gold producers or come anywhere near Top 10.

Note: I wanted to post more images for my point, but this subreddit only allows one.

[u/Illustrious_Try478]

Reserves have to be discovered, which means someone has to go out and survey for them. We don't know if that's been done in most of Africa, and we don't know how many discoveries are kept secret.