Is Africa a key player in the global lithium market?
Africa’s position within the global lithium market will be a key talking point of this year’s Critical Minerals Africa summit – taking place in Cape Town on November 6-7 – where a dedicated Minerals Showcase: Lithium session will explore the continent’s future role in the energy transition as a major producer of the critical mineral.
Can China secure lithium supply in Africa?
Chinese companies have moved faster than the western world to secure lithium supply in Africa. And it is not just lithium they are looking to lock down — they also have ownership and interests in properties that hold other key metals needed for electric vehicles, such as cobalt and copper.
Why is Africa getting more lithium?
The rise can be attributed to a surge in financing from China, which is responsible for 90% of Africa’s planned lithium supply through 2030.
Does China have a lithium-ion battery supply chain?
And it is not just lithium they are looking to lock down — they also have ownership and interests in properties that hold other key metals needed for electric vehicles, such as cobalt and copper. China plays a key role in the lithium-ion battery supply chain, dominating the midstream when it comes to lithium.
Will Africa's lithium production triple in 2024?
Earlier this year, market research firm Benchmark Mineral Intelligence forecast Africa’s lithium production to triple year-on-year in 2024, increasing the continent’s share of global output from 4% to over 10%.
Could African countries refine materials for lithium battery production & export?
African countries could refine materials for lithium battery production and export to the US and EU. Refining could be in countries that are currently mining raw materials required for battery cell production or have a plan to start by 2030. These include: 4. Presence of local battery demand or assembly 5. Presence of required talent 6.
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