Africa gears up to keep more of the profits from lithium boom

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Africa gears up to keep more of the profits from lithium boom
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Lithium-rich African countries, including Zimbabwe and Namibia, are trying to develop processing and refining industries to capture more of the profits of global demand for the battery material.

"We are going to insist that all lithium mined within the country has to be processed in the country."

Zimbabwe in December imposed a ban on raw lithium exports, a measure aimed at stopping the smuggling of lithium ore and spurring mines to process in the country. As companies and investors around the world focus on goals to reduce carbon emissions and increase supplies of the minerals that should help, companies and investors are reconsidering projects they may have previously overlooked.

"Everybody's approaching us, like the whole who's who on the Chinese list and now it's all the Western OEMs [original equipment manufacturers]," Kolff said.

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