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lithium mining africa

Lithium Mining in Africa 2023

Alex Conradie | Angola; Cameroon; Democratic Republic of Congo; Ethiopia; Ghana; Ivory Coast; Madagascar; Mali; Mozambique; Namibia; Nigeria; Rwanda; South Africa; Tanzania; Zimbabwe | 30 September 2023

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Report coverage

This report on lithium mining in Africa includes comprehensive information on the size and state of the industry, projects underway, notable players, corporate actions and regulations, as well as information on the competitive environment, outlook and the international industry. There are profiles of 12 companies including Chinese subsidiary Bikita Minerals, which mines in Zimbabwe, Australian company AVZ Minerals, operating in the DRC, and locally-owned company Zimbabwe Lithium Company, involved in the Kamativi tailings project.

Report coverage

This report on lithium mining in Africa includes comprehensive information on the size and state of the industry, projects underway, notable players, corporate actions and regulations, as well as information on the competitive environment, outlook and the international industry. There are profiles of 12 companies including Chinese subsidiary Bikita Minerals, which mines in Zimbabwe, Australian company AVZ Minerals, operating in the DRC, and locally-owned company Zimbabwe Lithium Company, involved in the Kamativi tailings project.

Introduction

• Increasing demand for lithium due to the energy transition and an expected supply deficit in the near future are seeing battery and battery electric vehicle manufacturers wanting to secure supply and invest in African mines and projects.
• Africa’s lithium output is growing rapidly, and dozens of companies are actively exploring the continent for lithium.
• Many African countries contain lithium deposits and the continent is generally underexplored.
• Despite inadequate rail, road and electricity supply infrastructure in many parts, and the requirement in most countries to process ore before lithium can be exported, Africa is expected to produce nearly a quarter of global output by 2030, up from less than 1% in 2021.

Trends

• African countries are increasingly banning lithium ore exports, forcing mining companies to process the ore into higher value concentrate before export. This means governments will get more economic benefit from their lithium resources.
• Many mines that historically produced other minerals are being reopened to produce lithium.

Opportunities

• Africa has many mines that historically produced other minerals and could be reopened relatively cheaply to produce lithium.
• Demand for lithium for battery manufacturing is growing significantly because of rechargeable lithium batteries’ use in battery electric vehicles, electric tools, portable electronic devices and off-grid energy storage systems; much of it driven by the energy transition.

Challenges

• Due to inadequate rail, road and electricity supply infrastructure in many parts of Africa, a large deposit is needed in these areas to make it economical to mine, especially if mines are far from ports.
• Most African countries have banned lithium ore exports, forcing companies to construct concentrate plants, which adds to project costs.

Outlook

• Global lithium supply is expected to catch up to demand in 2023.
• Prices are expected to rise when demand exceeds supply.
• Demand will be driven by growth in electric vehicle sales.
• Africa is expected to account for nearly a quarter of global supply by 2030, with Zimbabwe contributing almost 40%.

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Lithium Mining in Africa
Lithium Mining in Africa 2023

Full Report

R 20 000.00(ZAR) estimated $1087.65 (USD)*

Industry Landscape

R 14 000.00(ZAR) estimated $ 761.35 (USD)*

Table of Contents

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PAGE
1. INTRODUCTION 1
2. CONTINENT INFORMATION 1
3. DESCRIPTION OF THE INDUSTRY 2
3.1. Industry Value Chain 4
3.2. Geographic Position 5
3.3. Size of the Industry 6
4. LOCAL 7
4.1. State of the Industry 7
4.2. Key Trends 9
4.3. Key Issues 9
4.4. Notable Players 10
4.5. Trade 14
4.6. Corporate Actions 14
4.7. Regulations 18
4.8. Enterprise Development and Social Development 20
5. INTERNATIONAL 20
6. INFLUENCING FACTORS 25
6.1. Demand for Battery Electric Vehicles 25
6.2. Economic Environment 25
6.3. Labour 26
6.4. Environmental Issues 27
6.5. Technology, R&D and Innovation 27
7. COMPETITIVE ENVIRONMENT 27
7.1. Competition 27
7.2. Ownership Structure of the Industry 28
7.3. Barriers to Entry 28
8. INDUSTRY SUMMARY 29
9. OUTLOOK 29
10. INDUSTRY ASSOCIATIONS 30
11. REFERENCES 30
11.1. Publications 30
11.2. Websites 31
APPENDIX 1 32
Summary of Notable Players 32
COMPANY PROFILES 34
Andrada Mining Ltd 34
Arcadia Minerals Ltd 37
Atlantic Lithium Ltd 40
AVZ Minerals Ltd 43
Bikita Minerals (Pvt) Ltd 45
Kodal Minerals PLC 47
Leo Lithium Ltd 50
Lepidico Ltd 53
Marula Mining PLC 56
Max Mind Investments (Zimbabwe) (Pvt) Ltd 59
Premier African Minerals Ltd 60
Zimbabwe Lithium Company (Pvt) Ltd 63