Chinese miners and refiners are driving a surge in African lithium output, shrugging off concerns over a glut.
refiners are driving a surge in African lithium output, shrugging off concerns over a glut to lock in future supplies of the critical battery metal.
Across Africa, 15 mines that are under development or being expanded are due to be producing by 2030, according to Lukasz Bednarski, S&P’s principal research analyst for lithium and battery metals. Most are “sustainable”, even at current prices, he said. “It’s really significant growth in the last three years.”That new capacity will come online as the market is predicted to return to a deficit, following a peak global lithium surplus in 2027, according to Benchmark.
Low-grade material from Africa made up more than a quarter of all China’s lithium imports on a metal contained basis during the first half of this year, Matthews said.
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