Exactly how much. Some data would be good. Here is what I found for ZIM which is Africa's biggest exporter. Compare World No.6 producer in 2023 with Australia No.1 producer in 2023.6. Zimbabwe
Mine production: 3,400 MT
Zimbabwe's lithium output has grown exponentially in a short space of time. Just a few years ago, in 2021, the African nation's output came in at only 710 MT. As of 2023, that figure has grown by 378 percent to reach 3,400 MT of the battery metal. Total reserves in Zimbabwe stand at 310,000 MT, as per the US Geological Survey.
1. Australia
Mine production: 86,000 MT
Kicking off this lithium production by country list is Australia, which produced 86,000 MT of lithium last year, up from 74,700 MT the year before. Following that increase, it's likely the country's lithium production will see a decline in 2024 as demand for EVs has stalled in the current slowing economic climate, leading to much lower lithium prices. In fact, Australia's lithium miners have already begun to curb production rates.
Yep, Africa is killing it. Australia increased production by 11,300 MT from 2022 to 2023 and Zimbabwe, (Africa's biggest exporter by a long shot) had a grand total of 3,400 MT in 2023.
Folks, that 86 Mt of Lithium is the equivalent of approx' 3,100,000 t of SC6 for Australia and for Zimbabwe, a grand total of 122,000 t of SC6.
So yes Monster, Africa (Zimbabwe mainly) has produced way more Lithium than they did 2 years ago. Not much, but way more. So did the Northern Territory but that trend doesn't look like continuing for them in 2024.
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