Big deposits of lithium found in Zimbabwe has made it Africa’s largest lithium reserve. It is no secret that there have been big efforts worldwide to develop renewable energy sources, thus leading to a growing demand for batteries to supply the car industry as there is a push for electric vehicles. Zimbabwe hopes to become one of the world’s largest exporters of lithium. In July of this year, a Chinese mining company completed the $300m construction of a lithium mine in Zimbabwe. Presidential elections which will take place this month will determine the future of Zimbabwe’s resources.

To cash in on the global demand, Zimbabwe last year banned the export of raw lithium ore. In doing so, it joined countries like Indonesia and Chile that are trying to maximize their return on deposits of lithium, cobalt and nickel by requiring miners to invest locally in refining and processing before they can export. Let’s hope that these resources will actually help Zimbabweans and not line up the pockets of Mnangagwa and cronies.

Excerpts below are from Reuters. The BBC made a video about Zimbabwe becoming the new Lithium Valley of the world.

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Chinese investors racing to secure lithium supplies could help Zimbabwe rise to become the world’s fifth biggest primary producer of the material that’s vital to battery electric vehicles and the green revolution, mining consultancy CRU said.

The lithium industry in Africa’s top producer has rapidly expanded, buoyed by about $1 billion of investments during the past two years by Chinese companies including Zhejiang Huayou Cobalt (603799.SS), Sinomine Resource Group (002738.SZ), Chengxin Lithium Group (002240.SZ) and Yahua Group (002497.SZ).

… The investments could boost capacity to 192,000 tons of lithium carbonate equivalent (LCE) per year of petalite and spodumene in 2027, from 13,000 tons per year LCE in 2022, Cameron Hughes, a battery markets analyst at CRU said in a report.

“These investments will place Zimbabwe as the fifth largest primary producer of lithium by 2025, after Argentina, contributing more than either Canada or Brazil,” Hughes said.

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