Monday, July 10, 2023

Chinese Company Makes Big Investment in Zimbabwe Lithium Plant

 Reuters published on 5 July 2023 an article titled "China's Huayou Commissions $300 Million Zimbabwe Lithium Plant" by Nyasha Chingono.

The Chinese company Huayou acquired in 2022 the hard rock lithium deposit in Zimbabwe from an Australian company for $422 million.  It then invested another $300 million this year to produce 450,000 metric tons of lithium concentrate annually.  Chinese firms have invested more than $1 billion over the past two years to acquire and develop lithium projects in Zimbabwe.