Africa’s top lithium producer, Zimbabwe, attracted over a billion dollars in investments for new mines over the past three years. The government now urges companies to establish local factories to process the mineral.
Four major lithium producers active in Zimbabwe have submitted to the government projects to set up lithium concentrate processing plants in the country. Reuters reported the news on May 20 quoting Deputy Mines Minister Polite Kambamura.
"They are coming forward with plans but these are long term plans which we are receiving […]. We are not going to end on concentrates, we want batteries to be manufactured here,”said Kambamura without naming the firms.
In recent years, several companies have invested in the country’s lithium industry. These include Zhejiang Huayou Cobalt, Sinomine Resource Group, Chengxin Lithium Group, and Tsingshan Group, which are Chinese.
Harare plans to leverage these investments to develop a local industry for the electric vehicle battery market which experiences a boom spurred by energy transition. Ultimately, the government seeks to revitalize the economy which has been struggling for a decade.
Bolstering Local Processing
In November 2023, the government urged firms that export lithium concentrate to China for processing to submit plans for local transformation. Initially, the local authorities set the deadline for submission in March 2024, but two months were later added.
However, last year, Huayou Cobalt revealed that several issues impair Zimbabwe’s ambition for local lithium processing. These include insufficient capital, and an unreliable supply of electricity, natural gas, and sulfuric acid. To achieve its goal, Harare considers strict measures like banning unprocessed lithium exports, thus emulating Indonesia's mineral development strategy.
Indeed, Indonesia banned the export of various minerals, including nickel, since 2014. According to a May 2024 report from the European Centre for Development Policy Management (ECDPM), these measures helped raise the number of nickel smelters in the country from 2, pre-ban, to 43 in 2023.
Let's note however that Indonesia produces half of the world’s nickel output and this favored its approach to boost local processing. Zimbabwe does not hold a similar position in the global lithium industry, which implies finding its own way of reaching its goal.
Emiliano Tossou
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
UBA UK, BII sign intent to expand trade finance in Africa Partnership targets funding gaps for in...
Ghana to submit UN resolution on slave trade March 25 Draft seeks recognition as gravest crime ag...
ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...
Dakar 2026 Youth Olympics construction 95-96% complete, organizers say Games to host 2,700 athletes across Dakar, Diamniadio, Saly Event scheduled...
Colonel Michaël Randrianirina, who came to power in October following a wave of protests, dismissed his first government on March 9 before...
Sugar hits five-month high at 15.94 cents per pound Oil-driven ethanol shift in Brazil tightens global sugar supply Strait of Hormuz disruption cuts...
Turkey plans to open embassy in Liberia, boosting bilateral ties Move includes Turkish Airlines flights, airport modernization support Trade fell...
Top 50 ranking highlights women across core tourism service segments Tourism contributes $168 billion to GDP and supports over 24 million...
AI forces newsrooms to balance automation with credibility and trust Agentic AI boosts efficiency but risks scaling disinformation...