Africa’s $9 trillion lithium bonanza: Can Africa turn its mineral wealth into a global economic powerhouse?
Africa’s vast lithium deposits could hold the key to transforming the continent’s economic fortunes—if African countries can take control of the entire value chain and stop exporting raw minerals. This is the emerging message from the ongoing Summer School on Managing Africa’s Extractive Future in the Energy Green Transition, organised by the Africa Centre for […]
Africa's vast lithium deposits could hold the key to transforming the continent's economic fortunes if African countries can take control of the entire value chain and stop exporting raw minerals. At the Summer School on Managing Africa’s Extractive Future in the Energy Green Transition, Nkuli Ncobe of Zimbabwe argued that Africa is sitting on enormous lithium resources estimated to be worth about US$9 trillion.
He called for African countries to develop a strategic regional mineral-feedstock value chain covering the upstream, midstream, and downstream stages of lithium production, thereby creating a continent-wide industrial ecosystem that generates jobs, investment, technology, and trade. However, the big question remains: who will control Africa's lithium?
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