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Wednesday, April 24, 2024

China Invests Heavily in African Lithium for Electric Batteries

 S&P Global Commodity Insights published on 12 April 2024 an article titled "FACTBOX: China Set to Raise African Lithium Output in 2024 with Diversification Plans" by Lucy Tang.  

China has been making substantial investments in the African lithium sector, making the region a key supplier and thereby helping reduce Beijing's heavy reliance on Australian lithium.  China is the dominant player in Africa.  Zimbabwe has become the second largest supplier to China after Australia, accounting in 2023 for 9 percent of China's spodumene import market share.