Africa’s Lithium Production Poised for Growth

Earlier this year, market research firm Benchmark Mineral Intelligence projected a threefold increase in Africa’s lithium production in 2024. This surge will elevate Africa’s share of global output from 4% to over 10%. Notably, China is financing 90% of Africa’s planned lithium supply through 2030.

Zimbabwe Leads Africa’s Lithium Exploration

Zimbabwe holds the world’s largest known lithium deposits and the highest number of exploration projects in Africa. In April 2024, Chinese mining company Rwizi Rukuru commissioned a 300-ton-per-day lithium concentrator in Mutoko.

Expansion in Mozambique and Rwanda

Newly-formed joint venture Deccan Gold Mozambique LDA has commenced lithium exploration in Mozambique’s Alto Ligonha Pegmatite Belt. The venture aims to establish a 100-ton-per-day processing facility with a $10-million investment. Additionally, mining company Aterian plans to start drilling by September 2024 at the HCK project in Rwanda.

Investment Opportunities in Mali and Ghana

In Mali, Ganfeng Lithium concluded a significant acquisition in May 2024, securing a 40% stake in the Mali Lithium Project from Leo Lithium. Meanwhile, Atlantic Lithium revealed promising drilling results at its Ewoyaa project in Ghana, underscoring the resource’s growth potential.

Local Value Addition Efforts

Zimbabwe is advancing local value addition with a $310-million deal to build a processing plant at the Sandawana mine, set to operate within 18 months. Similarly, Tanzania is striving to enhance value addition by necessitating in-country refining facilities.

Disclaimer:
The content presented on this page has not been manually verified by our team. While we strive to ensure accuracy, we cannot guarantee the validity, completeness, or timeliness of the information provided. Always consult with appropriate professionals or sources before making any decisions based on this content.

Click here for more Company News