The Zimbabwean lithium industry has witnessed significant capital investments due to the global transition to clean energy.
Lithium plays a crucial role in driving the energy transition and the mining industry’s significance in creating a sustainable future.
Presenting the much anticipated 2024 Monetary Policy Statement (MPS), today, Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu noted the various projects that are underway in the country, ranging from resource evaluation to commissioning stages.
“Notable production has already commenced at Bikita Minerals (Sinomine), Prospect Lithium Zimbabwe (formerly Acadia), Sabi Star (Maxi Mindi), Kuvimba (Sandawana), and Zulu Lithium,”
“As a result of these developments, lithium exports surged by 854.7%, from US$70.6 million in 2022 to US$674.0 million in 2023,” he said.
Lithium is a “critical mineral ” necessary for rechargeable electric batteries, identified as an essential element for economic development.
Lithium is found in rock ores, which are mined and crushed, or in briny water, where it can be extracted using evaporation. – (Mining Index)
