Why US has beaten China to clinch Kenya's Sh9.7tr minerals deal (opens original article in a new tab)

US has clinched a $62.4 billion minerals deal with Kenya, securing rare earth deposits and processing rights, surpassing China in the resource race.

• US secured a preliminary minerals deal with Kenya for rare earth deposits worth $62.4 billion
• Deal involves processing strategic minerals domestically, shifting from Africa's traditional role as raw material supplier
• US edged out China in securing the resource deal