Zimbabwe’s Lithium Gambit: Navigating China-US Rivalry – Analysis
==========
Zimbabwe is the world’s fifth-largest miner and the top lithium producer in Africa. In 2023, Zimbabwe produced 3,400 metric tons of lithium, earning a record US$209 million in exports. The government intends to refine battery-grade lithium domestically to boost the economy and create jobs. China has made significant investments in Zimbabwe's mining sector, including a US$2.79 billion investment plan. The US, seeking to secure its green energy production, lifted sanctions against Zimbabwe and may invest in the country. Zimbabwe faces challenges such as power outages, shortages of foreign exchange, and policy uncertainties. The US may collaborate with India to develop capacity in Zimbabwe's mining industry. Zimbabwe lacks cross-border logistics and infrastructure, but the US plans to build the Lobito Corridor to connect Harare. China is ahead in controlling the lithium value chain, but the US may commit resources amid China's strategic rivalry.
#Zimbabwe #Lithium #China #Us #Mining #Investment
https://www.eurasiareview.com/12072024-zimbabwes-lithium-gambit-navigating-china-us-rivalry-analysis/
Eurasia Review /
npub1wc…jzsfw
2024-07-12 01:08:22
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npub1wc7d8ck45cw5jgdwx6du933w2eqtgpmyvxgk6wtmzdghtpwrx2cqejzsfwPublished at
2024-07-12 01:08:22Event JSON
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"content": "Zimbabwe’s Lithium Gambit: Navigating China-US Rivalry – Analysis\n==========\n\nZimbabwe is the world’s fifth-largest miner and the top lithium producer in Africa. In 2023, Zimbabwe produced 3,400 metric tons of lithium, earning a record US$209 million in exports. The government intends to refine battery-grade lithium domestically to boost the economy and create jobs. China has made significant investments in Zimbabwe's mining sector, including a US$2.79 billion investment plan. The US, seeking to secure its green energy production, lifted sanctions against Zimbabwe and may invest in the country. Zimbabwe faces challenges such as power outages, shortages of foreign exchange, and policy uncertainties. The US may collaborate with India to develop capacity in Zimbabwe's mining industry. Zimbabwe lacks cross-border logistics and infrastructure, but the US plans to build the Lobito Corridor to connect Harare. China is ahead in controlling the lithium value chain, but the US may commit resources amid China's strategic rivalry.\n\n#Zimbabwe #Lithium #China #Us #Mining #Investment\n\nhttps://www.eurasiareview.com/12072024-zimbabwes-lithium-gambit-navigating-china-us-rivalry-analysis/",
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