Does Zijin Mining have a lithium project in Congo?
Zijin Mining plans lithium production in Congo by , leveraging one of the world’s largest lithium deposits. Legal disputes between AVZ Minerals and the Congolese government complicate development of the Manono lithium project.
Will Zijin develop a phased lithium processing plant at Manono?
Zijin is progressing with its plans to develop a phased lithium processing plant at Manono, initially producing lithium concentrate and sulfate for export. Longer-term plans include local refining, contingent on a stable power supply. A Zijin subsidiary has already refurbished a nearby hydroelectric plant to support the operation.
Will Lithium prices rebound?
Despite the dramatic 90 percent drop in lithium prices since their peak, Zijin remains committed to the long-term growth prospects in the electric vehicle and energy storage sectors. The company is betting that global demand for lithium will recover, positioning itself to capitalize on this rebound.
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Longer-term plans include local refining, contingent on a stable power supply. A Zijin subsidiary has already refurbished a nearby hydroelectric plant to support the operation.
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