Zimbabwe's lithium market expands with Chinese investment worth $1 billion - News Summed Up

Zimbabwe's lithium market expands with Chinese investment worth $1 billion


Spodumene concentrate, which will be produced by Bikita in quantities of 300,000 metric tons, is further processed overseas to yield the lithium materials required for battery production. Additionally, the mine's annual petalite production will increase from 50,000 to 480,000 metric tons. ADVERTISEMENTSinomine is the third Chinese battery metals manufacturer to begin operations at newly purchased lithium assets in Zimbabwe. SS) purchased for $422 million last year and has an annual capacity of 450,000 metric tons, was put into operation on July 5. Zimbabwe, which has some of the largest hard rock lithium deposits in the world, has seen Chinese companies invest more than $1 billion over the last two years to buy and develop lithium mines there.


Source: Daily Nation July 11, 2023 16:05 UTC



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