Energy Features Headlines

Int’l investors eye Nigeria’s lithium reserves amid global push for green energy transition

Nigeria is attracting increasing international attention for its vast lithium reserves, a critical mineral in the global push for clean energy technologies such as electric vehicles (EVs) and solar panels. As Africa is projected to supply 20% of the world’s lithium by 2030, Nigeria aims to position itself as a key player in this growing […]

Africa Business Emerging Markets Energy Headlines International

Africa needs stronger resources governance amid current global critical minerals rush — experts

African governments need to develop robust strategies for the critical minerals sector amid global rush for the continent’s lithium and other strategically important rare metals, a recent research has found. Demand for lithium, for example, tripled from 2017 to 2022, while the critical minerals market doubled in five years, reaching US$320 billion in 2022, according […]

Business Emerging Markets Energy

US ramps up efforts to access Africa’s critical minerals to counter China’s dominance

Africa will play a “huge role” in America’s critical mineral strategy, says US Deputy Treasury Secretary Wally Adeyemo who used his five-day trip to South Africa to express his country’s ambitions of securing metals needed for the global energy transition. Africa’s natural richness, which includes many so-called critical minerals, such as chromium, cobalt, copper, gold, […]

Asia Business Emerging Markets Europe Headlines International

Western firms losing out to China in ‘white-gold’ rush for Africa’s lithium

European and other Western companies face losing out on sub-Saharan African lithium supply to Chinese companies whose grip on the critical mineral got even tighter last year when African exports of lithium, which mostly go to China, rose sharply between August and November. Already dominant in the cobalt and copper sectors in Africa, China is […]

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Australian Desert Metals acquires gold and lithium mine fields in Cote d’Ivoire

Desert Metals, a mining company listed in Australia, has acquired Côte d’Ivoire-based CDI Resources Limited (CDI) that controls seven gold and lithium projects in the West African country. CDI, through its subsidiaries CDI Minerals and CDI Lithium, holds interests in seven gold and lithium projects. The projects, 2,769km² in landmass coverage, comprise granted mineral permits […]

Africa Energy Headlines International

Africa’s lithium mining boom risks fueling corruption and failing citizens — Global Witness

The new rush for lithium — sometimes referred to as ‘white gold’ — in Africa risks fueling corruption and harming local communities and the environment, according to a latest study by UK-based nonprofit Global Witness that investigated three emerging lithium mines in Zimbabwe, Namibia and Democratic Republic of Congo (DRC). The study has found that […]

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Chinese Tinci Materials plant in Morocco to produce 100,000 tons of Lithium annually

The Chinese Tinci Materials facility in Morocco whose construction was announced end of June this year will produce 100,000 tons of Lithium hexafluorophosphate and electrolytes. The manufactured materials are intended for electric vehicles in the European market, the European Union (EU) having announced a ban on the sale of internal combustion vehicles by 2035, reported […]

Energy Features Headlines

Namibia bans export of unprocessed vital minerals used in clean energy technologies

Namibia’s government has banned the export of unprocessed lithium and other critical minerals to capitalize on the growing global demand for metals used in clean energy technologies. The move prohibiting the export of unprocessed crushed lithium ore, cobalt, manganese, graphite and rare-earth metals and elements is in line with the South African country’s aim to […]

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Electric Vehicles: LG Energy Solution Chooses Morocco to Secure Lithium Supplies

Morocco’s gigafactory ecosystem is taking form. South Korean LG Energy Solution Ltd, the world’s 2nd-largest battery maker for electric vehicles, turned to Morocco to secure lithium supplies through an association with Chinese Yahua. On Wednesday, LG Energy Solution Company signed a Memorandum of Understanding with lithium compound manufacturer Yahua to produce lithium hydroxide in the […]