WINDHOEK, Nov. 11 (Xinhua) -- Namibia's growing role in supplying critical minerals for the global energy transition is helping sustain its mining sector, despite fragile global economic conditions, according to the Chamber of Mines of Namibia.
In its September mining update released on Tuesday, the chamber said demand for uranium, copper and lithium remains strong as countries accelerate the shift to low-carbon energy systems.
It said the sector's strength continues to encourage foreign investment, with Namibia ranking first in Africa and second globally on the 2025 Greenfield Foreign Direct Investment Performance Index.
The global outlook remains uncertain, but Namibia's mining industry continues to show resilience, said the chamber's Chief Executive Officer Veston Malango.
"Strong uranium and gold performance, coupled with investor confidence in our critical-mineral potential, positions Namibia well for long-term growth," he added.
According to the chamber, uranium production rose 11 percent in August from July, while gold output increased 6 percent. However, diamond and zinc production declined due to weaker market conditions.
Namibia's annual inflation edged up to 3.5 percent in September, driven by higher electricity and fuel costs, pressuring operational expenses within the mining industry.
The chamber also noted that sustained policy stability and infrastructure investment will support continued growth and investor confidence in Namibia's mining sector. Enditem
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