A few days ago, Zimbabwe decided to ban it Export of crude lithium. The mineral is essential for the construction of electric batteries, both for cars and for computers or telephones, and in recent years also for itself Value increased more than 10-fold. According to the African country, the fact that lithium is simply mined in its mines and then processed elsewhere means a significant loss for public coffers, at least so far 1.7 billion euros to an economy that is worthwhile as a whole 28 billion. “If we keep exporting raw lithium, we’re not going anywhere. We want to see the development of lithium batteries in the country,” said the deputy mining minister Polite Kambamura. Zimbabwe, home to 16 million people, has a GDP per capita of $1,700at the bottom of the global ranking.
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Zimbabwe has the largest lithium reserves in all of Africa and has the capacity to meet one-fifth of global demand, according to the government. The country’s goal is to locate within its borders a battery and battery manufacturing industry no longer allow foreign multinationals to dominate the process. A turning point that, if successful, would set an important precedent for all countries rich in raw materials that have become indispensable poor in own industrial chains. In recent years several local mines have been acquired by Chinese groups such as Zhejiang Huayou cobalt, Sinomine Resource Group and Chengxin Lithium. However, the fact that these companies also invest in on-site treatment plants would make them immune to the ban. Mining companies that build processing plants will be exempt from the Export Ban Directive, he said. Kamambaura. Last July, the country banned the export of raw granite.
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