Zimbabwe Puts Europe On Its kneels.
Channel: Africa Reloaded
Date: 2023-01-12

Zimbabwe Puts Europe on its kneels. Europe is begging before Zimbabwe for lithium via an African company).
Hard rock lithium, a necessary material in the creation of sustainable energy technology, is found in some of the greatest quantities in the world in the southern African nation. The $678 million worth of lithium mines and projects in Zimbabwe were purchased over the past year by Chinese goliaths Zhejiang Huayou Cobalt (603799.SS), Sinomine Resource Group (002738.SZ), and Chengxin Lithium Group (002240.SZ). These companies are currently developing mines and processing facilities, which would exempt them from the ban. As part of its efforts to have the primary raw material used in electric-vehicle batteries processed domestically, Zimbabwe has banned the export of unprocessed raw lithium with immediate effect. According to a directive from Mines Minister Winston Chitando, “no lithium containing ores, or any unbeneficiated lithium whatever, shall be exported from Zimbabwe to another country.” According to Deputy Mines Minister Polite Kambamura, the regulation will not apply to mining businesses that are developing processing plants. In the past two years, lithium has soared more than 1,100% to a record high as the supply has battled to keep up with the raging demand. By 2030, according to the Rio Tinto Group, EV sales could account for 50% of all vehicle sales, up from 9% in 2018. Mining companies have been searching the globe for opportunities to source new supplies. 
You might wonder why Europe would be begging Zimbabwe for Lithium. That’s what we will discover in this video. Stay connected as we find out the reason why Zimbabwe has made Europe beg for Lithium through an African company.

Watch Our Other Videos Here
10 Ongoing Projects In South Africa
https://youtu.be/PzVC6VxS0GQ

Ghanaians Shaping The World In The Field Of Science, Technology, Engineering And Mathematics.

https://www.youtube.com/watch?v=KF1Qg8RJ1qg&t=3s

10 Completed Projects in South Africa That Shook The World
https://www.youtube.com/watch?v=iEuRStF1RG4

10 Poorest Countries In Africa, 2022.
https://youtu.be/_thG5tFenaY

7 Ongoing And Upcoming Mega Oil And Gas Projects In Africa.
https://www.youtube.com/watch?v=uzb6ImDkPg0

10 Biggest Economy In Africa By GDP, 2021.
https://youtu.be/70VfnlHblcQ

This presentation contains images that were used under the Creative Commons Licence and Fair use policy.

For copyright matters relating to this video or channel, please contact us directly, and we'll remove any video on request: 

.........................................................