Tuesday, June 7, 2022

Chinese Billionaire Invests in Zimbabwean Lithium

 Forbes published on 30 May 2022 an article titled "China Mining Billionaire to Invest $300 Million in Zimbabwe Lithium Project" by Gloria Haraito.  

Zhejiang Huayou Cobalt, controlled by Chinese billionaire Chen Xuehua, will invest $300 million in a lithium mine in Zimbabwe, which is believed to hold the largest reserves in Africa.  Lithium is used for batteries in electric vehicles.