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Chinese miners and refiners are driving a surge in African lithium output, shrugging off concerns over a glut to lock in future supplies of the critical battery metal.
Despite an anticipated global production surplus this year, China — which makes most of the world’s lithium chemicals — continues to expand its refining capacity and is growing more dependent on material from overseas, said Claudia Cook, an analyst at Benchmark Mineral Intelligence. “As there is growing resistance to Chinese involvement in lithium projects in the Western world, Africa is well-positioned to fill this feedstock gap.
More than half of Africa’s production last year came from hand-dug or small-scale activity, according to Matthews. That is changing though, with “growth in output from industrial operations expected to eclipse the informal activity,” he said. Western companies are also looking to tap African lithium. Sydney-registered Atlantic Lithium Ltd. is building Ghana’s first lithium mine, supplying concentrate to the US that can benefit from tax credits introduced by President Joe Biden. London-listed Andrada Mining Ltd. and Canada’s Tantalex Lithium Resources Corp. are developing projects in Namibia and Democratic Republic of Congo respectively.
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