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Benchmark’s Lithium Forecast shows that the region is expected to account for just 4% of global mined lithium supply this year. However, by 2033 its market share is forecast to triple to 12% of global supply. In graphite—unlike in cobalt and lithium—non-Chinese companies are the dominant investors on the continent.
Zimbabwe ‘s state-owned Kuvimba Mining House has signed a 310 million deal with a consortium of British and Chinese investors for the construction of a lithium concentrator, the company announced on Thursday. Zimbabwe currently does not refine lithium, but exports concentrates to China for further processing.
The global lithium industry is so interwoven with Chinese capital now that it’s going to be impossible to unpick. and two other Chinese chemicals companies guarantee they’ll be able to purchase almost every ton of material it produces for the next few years, dependent only on the pace of its expansion plans. Take Albemarle Corp.,
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