Africa is home to many valuable minerals, and recently, there's been a big rush for one mineral in particular: lithium. This is causing fierce competition between Western countries and China, as both sides try to secure their share of Africa's rich resources. As the mining industry in Africa grows, it’s important for the continent to learn from past mistakes and create effective rules to manage these resources.
Why Lithium Matters
Most people have heard of lithium, especially because it’s a key ingredient in lithium-ion batteries. These batteries power everything from electric vehicles to smartphones and even solar panels. With the world shifting towards cleaner energy, the demand for lithium is skyrocketing.
In the last few years, interest in lithium mining in Africa has surged, especially after prices jumped to about $70,000 per ton in late 2022. Although prices have dropped to around $10,000 per ton now, the need for lithium remains strong, especially from companies th...
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