DRC’s $1.4B lithium project set to shake global market

Zijin Mining Group launches major lithium mine in Democratic Republic of the Congo.

A major lithium project in the Democratic Republic of the Congo is poised to redefine Africa’s position in the global battery supply chain, as Zijin Mining Group advances plans to develop one of the world’s largest lithium mines in Manono.

The $1.4 billion project is expected to produce around 130,000 tonnes of lithium carbonate equivalent annually, potentially contributing nearly 5% of global lithium output by 2028. This comes at a time when demand for lithium is surging, driven by electric vehicles and renewable energy storage.

Beyond extraction, the project includes a processing facility that will convert about 500,000 tonnes of lithium concentrate each year into lithium sulphate, an essential material for battery manufacturing. This move signals a shift toward value addition within Africa rather than exporting raw materials.

Ownership of the project reflects a joint approach, with Zijin Mining holding just under 55% while the Congolese government retains a significant stake to ensure national participationV as reported by BIA.

However, the project faces legal challenges. AVZ Minerals has launched proceedings after its license was revoked, while KoBold Metals has expressed interest in part of the site.

If successfully executed, the Manono project could position the DRC as a key global player in the lithium industry, strengthening Africa’s role in the energy transition.

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