Analysts’ hopes for a lithium price recovery were dashed as prices continued to fall in June. Stockpiles are growing as electric vehicle demand remains sluggish. Spot prices in China hit …
Lithium
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According to the 2023 Critical Minerals Market Review by the International Energy Agency, demand for lithium, for example, tripled from 2017 to 2022. Global demand for critical minerals, particularly lithium, …
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After a spectacular bust, battery-metal lithium is showing tentative signs of life on speculation the retracement that convulsed the market last year has forced the conditions for a recovery. The …
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LOCAL NEWS
Surprise as Lithium Mining Firm ‘Silver Bern International’ Slapped with $10k Fine for Smuggling Lithium Worth $44 Million
by Kells Dzivaby Kells DzivaBulawayo High Court Judge Christopher Dube-Banda has imposed a $10,000 fine on local lithium mining company Silver Bern International (Private) Limited after convicting it of smuggling 96,000 metric tonnes of …
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Sandawana Mines, a subsidiary of Kuvimba Mining House, has paid off 300 workers that it laid off due to the effects of declining global lithium prices. In an interview with …
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A $1 billion lithium project in Zimbabwe, financed by South Africa’s Moti Group and a large Chinese investor, is expected to fail. Lithium is needed to produce the batteries that …
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LOCAL NEWS
Hummingbird Resources Sucked in Botched Lithium Financing Deal
by Kells Dzivaby Kells DzivaChiedza Kambasha, an entrepreneur and award-winning global innovation specialist, is at a standstill with investors over a failed lithium order financing arrangement. Kambasha is accused of conceptualizing a well-executed scam …
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BUSINESS NEWS
African Lithium Resources Plans To Enhance Operations In Zimbabwe
by Kells Dzivaby Kells DzivaAfrican Lithium Resources (Pvt) Ltd has indicated plans to focus on developing its recently acquired Tin Hill lithium resource in Bikita into a small-scale lithium operation beginning this month. The …
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BUSINESS NEWS
Chinese firms to build lithium processing plants following Export ban
by Kells Dzivaby Kells DzivaChinese companies that have made multimillion-dollar acquisitions in Zimbabwe will have to build lithium processing plants after the southern African nation banned the export of the metal in its raw …
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LOCAL NEWS
Lithium and iron are as important to Zimbabwe as oil is to Saudi Arabia says Chiwenga
by Kells Dzivaby Kells DzivaChiwenga who doubles as the Minister of Health and Child Care made the remarks while addressing a Family of God (FOG) 2022/23 national thanksgiving and dedication prayer in Bulawayo on …