In October 2022, lithium prices reached an all-time high. Lithium is an essential component for electric vehicle batteries, and with the current high ambitions in electrification of transport, demand for the mineral has been rapidly increasing, hitting a record price of $74,475 per tonne in October 2022. In Zimbabwe, where some of the world’s largest… Read more »
Lithium in Zimbabwe: A future boom of doom?
Electric vehicles (EV) sales are on the rise. One of key ingredients for EV batteries is lithium, which is not that easily replaced as a key element in batteries. Thus, the demand in the lightweight mineral will continue to grow – the investment bank UBS estimates it demand will grow eight times by 2030. Considering… Read more »