Chinese Monopoly on Africa’s Lithium
The grip of Chinese companies on Africa’s lithium extraction looms large, with over 90% of the continent’s anticipated lithium supply in this decade pinned to projects co-owned by Chinese entities, as indicated by Benchmark Mineral Intelligence.
Growth Centered in Zimbabwe
Zimbabwe takes center stage in the surge of lithium production. Earmarked as one of the seven top global producers, the nation churned out a notable 3,400 tonnes in 2023.
Powerhouse in Lithium: Zhejiang Huayou Cobalt’s Arcadia Mine
The heart of this upsurge beats in Zhejiang Huayou Cobalt’s Arcadia lithium mine in Zimbabwe, a behemoth in the lithium realm with the ability to yield up to 450,000 tonnes of lithium concentrate annually.
Strategic Chinese Interest
Deep Chinese interest in African reserves mirrors a strategic move to secure vital minerals essential for the growth of green energy technologies worldwide.
Chinese Refinement Supremacy
Interestingly, though China lays claim to only 11% of global lithium reserves, it commands between 60-70% of lithium refinement globally, according to data from the US Geological Survey.
