Metals News Hubb
Advertisement Banner
  • Home
  • News
  • Metallurgy
  • Contact
No Result
View All Result
  • Home
  • News
  • Metallurgy
  • Contact
No Result
View All Result
Gourmet News Hubb
No Result
View All Result
Home News

Raw lithium exports banned in Zimbabwe as demand and prices soar

admin by admin
December 24, 2022
in News


Mining companies that are building processing plants will be excluded from the directive, Deputy Mines Minister Polite Kambamura said by phone on Tuesday.

Lithium has been on a tear, surging more than 1,100% to a record in the past two years, as supply has struggled to keep up with rampant demand. Rio Tinto Group predicts half of all car sales could be EVs by 2030, up from 9% last year, and mining companies have been scouring the world for opportunities to bring on new supplies.

Chengxin Lithium Group Co. and Sinomine Resource Group Co. are setting up a joint venture to explore for the metal in Zimbabwe, while Zhejiang Huayou Cobalt Ltd. plans to invest $300 million to develop its Arcadia lithium mine.

“We have done this in good faith for the growth of industry,” Kambamura said. “If we continue exporting raw lithium we will go nowhere. We want to see lithium batteries being developed in the country.”

In July, the southern African country announced plans to introduce royalties on lithium producers from next month and banned the export of unpolished granite.

(By Godfrey Marawanyika and Ray Ndlovu)





Source link

Previous Post

2022 Craziness Ends & 2023 Uncertainty Takes Over

Next Post

Norsk Hydro Lucé Aluminium Recycling Plant Obtains First Certification For Production Of CIRCAL – Aluminium Insider

Next Post

Norsk Hydro Lucé Aluminium Recycling Plant Obtains First Certification For Production Of CIRCAL – Aluminium Insider

Recommended

Interview with David Morgan From The Perch

2 months ago

Can I run my RV or Boat’s Air Conditioner on Battery Power?

1 month ago

The Fed Is Finally Seeing the Magnitude of the Mess It Created – Silver Doctors

4 months ago

Visualizing 25 years of lithium production, by country

1 month ago

Slovalco Ends Aluminium Production After 70 Years – Aluminium Insider

3 weeks ago

Rock Tech updates Georgia Lake lithium resources with lower grades

3 months ago

© 2022 Metals News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Metallurgy
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • News
  • Metallurgy
  • Contact

© 2022 Metals News Hubb All rights reserved.