Wednesday, September 25, 2024

Two Chinese Companies Sign Lithium Deal in Zimbabwe

 Bloomberg published on 24 September 2024 an article titled "China Mining Heavyweights Partner with Zimbabwe on Lithium Mine" by William Clowes and Godfrey Marawanyika.  

Despite low lithium prices, two Chinese mining companies are partnering with Zimbabwe's state-owned Kuvimba Mining House to build a mine and processing plant.  Even if lithium prices remain low, the Chinese companies look to make a profit and are predicting a strong recovery in 2026 and 2027.