Afpedia Products For Sellers For Buyers Trade Shows Industrial Cluster

Online Translation

Sign In

Join Now



Zimbabwe's lithium mine receives global attention

Zimbabwe's lithium mine receives global attention

Image from African Business Magazine

Lithium is known as "white oil" and is an essential component in the production of high-tech equipment and electric vehicle batteries. The surge in global demand for electric vehicles and batteries has driven demand for minerals such as lithium, graphite, cobalt and copper.

Zimbabwe is expected to become one of the world's largest lithium exporters due to the continued high international market demand. Wimmer Financial is in talks to finance a lithium mine in Zimbabwe.

"We see investment opportunities across Africa in mining, oil and gas, green energy as well as real estate. We are currently doing a deal in the lithium space. Lithium is what you need for batteries and electric cars," says Per Wimmer, a former Goldman Sachs banker and the founder of Wimmer Financial LLP, a London-based corporate advisory firm.

As the demand for electric cars and batteries increases, so does demand for what goes into a battery, which is lithium, graphite, cobalt and copper, Wimmer explains. These elements are vital for new technology advancements and products, and are therefore shaping demand and supply on a global scale.

"As a result of that we are currently doing a $200 million deal with a lithium mine in Africa, so it very much plays into that theme for near-term production. This plant is in Zimbabwe," says Wimmer.

Kibo Energy, a company focusing on the development of thermal coal power projects in Tanzania, Botswana and Mozambique, recently received formal notice from Tanesco inviting it to develop the Mbeya Coal to Power Project for the export market.

Kibo also recently appointed Wimmer Financial LLP to manage the structuring and provision of a project finance corporate credit line facility of up to $900 million, which will help to secure debt requirements for its African energy projects.

Follow Us:
As an authority of media industry, we can provide you integrated brand communication on your products! Reasonable advertising prices will let you enjoy great over-valued service!”
Customized Service
Customized information such as product prices, company trends, market forecasts, price curves, etc. will help you fully grasp the latest trend!
Tailor-made, in-depth, professional research reports which will explore the business opportunities is your effective decision-making reference!
Professional and accurate trade data will help you break through the export bottleneck of products, track peer dynamics, and grasp industry trends!

Buyers Suppliers

Hot Search