Business and investment in

Africa

Africa is the 2nd continent on Earth in area with a great amount of natural resources.  There are more than 50 countries with fast growing economies and 1.5 bln population here. Africa today offers big opportunities for business and investment.

Zimbabwe bans lithium exports

 

 

The Government of Zimbabwe has imposed a ban on the export of lithium concentrates and other unprocessed ores. The ban will last until the authorities establish monitoring systems across the entire value chain in the mining industry.

 

The decision was made after it became known that foreign mining companies had significantly increased the volume of mining and export of minerals before the ban scheduled for 2027 came into force.

 

The Zimbabwe Environmental Law Organization (ZELO) supported the government's action and said that domestic lithium processing could transform the country from an exporter of minerals to a key player in global battery production.

 

Zimbabwe is the largest lithium producer in Africa, and most of the mineral is shipped to China.

 

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