The lithium market: Africa’s moment to shine

Oct. 10, 2024 - Observer Research Foundation

China currently dominates the global supply chain despite holding only 7% of the world’s lithium reserves. With its rich lithium resources, Africa is at a crucial point for development.

It needs to enhance infrastructure and address political and economic challenges to become a significant player in the global lithium market. While Africa’s lithium resources offer substantial potential for economic growth and job creation, establishing large-scale lithium hydroxide plants requires a reliable supply of power, chemicals, and raw lithium.

While Africa’s lithium resources offer substantial potential for economic growth and job creation, establishing large-scale lithium hydroxide plants requires a reliable supply of power, chemicals, and raw lithium...