Is Nigeria's first lithium-processing plant a heavyweight of China's battery-metals industry?
Nigeria’s first lithium-processing plant launched to great fanfare this month with the backing of three companies that, at first glance, look a lot like heavyweights of China’s battery-metals industry.
Why is Nigeria launching a lithium battery project?
The project is a response to the Nigerian government’s efforts to diversify the economy away from oil and tap into a predicted explosion in electric-vehicle sales that has transformed lithium, a vital component in rechargeable batteries, into one of the world’s most important commodities.
Who makes EV batteries in Nigeria?
Tianqi Lithium Corp. — one of China’s top producers of the metal — and Contemporary Amperex Technology Co. Ltd. — the world’s biggest manufacturer of EV batteries — also said they aren’t involved with the Nigerian firms. Ningde Era is the literal English translation from the Chinese characters of CATL, which is how the giant battery maker is known.
Does Nigeria make lithium carbonate EV batteries?
The statement issued by the Nigerian Ganfeng said the company will make and sell lithium carbonate, a refined form of the metal used in EV batteries. Nigeria has sizable untapped deposits of metals including gold, zinc, lithium and iron-ore, but nearly all extraction is done by artisanal miners on a small-scale or manual basis.
Why is the demand for lithium so high in Nigeria?
It’s also the latest example of how the surging demand for lithium is prompting a frenzy of activity to secure fresh supplies by a range of new players like the recently established Nigerian companies — but also major automakers and specialist miners — looking to cash in on the boom.
Is ganfeng lithium group a subsidiary?
A spokesperson for Jiangxi-based Ganfeng Lithium Group. Co. Ltd., which is one of the world’s largest suppliers of lithium chemicals, said in an email that the Nigeria-registered company is not one of its subsidiaries.
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