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Lithium in Africa: Chinese appetite is sharpening …

Prospect Resources, an Australian company, has made much of the Chinese appetite on its networks. It sold the Arcadia lithium project to Chinese Zhejiang Huayou Cobalt last week for $ 378 million. With its 42.3 million tonnes of mineral reserves, this mining project located about forty kilometers from the capital Harare is considered the most advanced of its kind on the continent.

Earlier this year, another Chinese company acquired nearly a third of a stake in Manono, another lithium mining project in the DRC. Before that, it was the future mine of Goulamina, in Mali, which benefited from a partnership agreement with the Chinese. The latter have doubled their production of refined lithium since 2016, according to specialists. But with these “world-class” projects, Beijing intends to support its lithium production over twenty years.

The race led by the Middle Empire is not fortuitous with regard to the uses of lithium. This mineral, it should be remembered, is used in renewable energy technologies, in particular electric batteries. There is no need to recall the boom in “Made in China” electric vehicles, nor the place occupied by Chinese industries in the smartphone and other computer circuit…

As a reminder, Goldman Sachs estimates that it will be necessary to quadruple world production in the next ten years.