Lithium rush takes Zim by storm Zimbabwe possesses Africa’s largest lithium reserves and the fifth largest globally, but the resource has remained largely untapped due to a lack of investment

Three Chinese energy firms have snapped up controlling equity in Zimbabwean lithium mines over the past four months, as the world’s biggest electric vehicles market takes a strategic position in Africa.

Growing interest in Zimbabwe by Chinese companies is meant to diversify the supply of lithium, a much sought after mineral used in the manufacture of EVs.

Chengxin Lithium Group started the spate of acquisitions last November with the acquisition of a 51 percent interest in Max Mind Investments’ Sabi based Star Lithium Mine in eastern Zimbabwe at a cost of US$77 million.

Full story on: African Business

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