High demand for minerals in lithium, driven by ion batteries for electric vehicles and other green technologies, may be Zimbabwe’s sanctions get-out-of-jail card — or a get-rich-quick card for Zanu-PF.
Climate change is gifting Zimbabwe a mining bonanza via its large reserves of lithium, a coveted ingredient in electric vehicle batteries and other green and advanced technologies.
Minister of Mines and Mining Development Winston Chitando said at the recent African Mining Indaba in Cape Town that his government saw mining as the key to solving economic problems, including low growth, unemployment and poverty. Mnangagwa was not invited to US President Joe Biden’s Africa summit in Washington last December as he is still under personal sanctions. But the White House invited the Zimbabwean government, which was represented by its ambassador to the US. Harare saw that as a significant thaw in relations.
China processes about 80% of the world’s cobalt. Amos Hochstein, Biden’s energy adviser, told the Mining Indaba that any one country dominating the supply chain of a critical mineral presented a high risk. They see China as part of this insider enrichment and hear echoes of the Marange diamond fields, where Zanu-PF cronies and soldiers violently evicted miners in 2006.recently reported that state-owned Zimbabwe Defence Industries had been granted a special permit to export 100,000 tonnes of lithium ore a month to China.
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