Chinese firms to build battery-metals park: Zimbabwe

Zimbabwe has given the green light to the development of a USD 2.83bn battery-metals park, proposed by a group of Chinese investors.

The proposed plant will be equipped to process metals including platinum, lithium, and nickel.

The move is aimed at reinvigorating the country’s declining economy.

Slated for completion by the end of 2025, the integrated industrial park will comprise USD 1bn nickel-sulphate plant, a USD 500m nickel-chromium alloy smelter, and a USD 450m lithium-salt plant.

The 30-50 km2 battery-metals park is expected to be built in Mapinga and would include two 300 MW power plants to provide electricity to the various refineries.

Nickel-chromium alloys are used in the production of stainless steel while lithium carbonate, lithium hydroxide and nickel sulphate are raw materials used for the production of lithium batteries required for solar-energy storage.

Zimbabwe has seen an increase in investors due to surging lithium prices and growing shift to electric vehicles.

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