Zijin Mining Group plans to initiate lithium production at the Manono site in the Democratic Republic of Congo in early 2026, claiming one of the world’s largest lithium deposits. Despite ownership disputes with Australia’s AVZ Minerals, Zijin is rapidly advancing preparations for the site. This project aims to capitalize on rising lithium demand, even as market prices plummet, solidifying China’s investment strategy in African lithium resources.
Zijin Mining Group of China intends to commence lithium production at the Manono project in the Democratic Republic of Congo in early 2026. This site is notable for housing one of the largest lithium deposits globally. Currently, the project is under dispute, as Australia’s AVZ Minerals claims rights to the location and has initiated arbitration against both the government and Zijin to reclaim an exploration license. Zijin has made significant strides in readying the site for production, which is anticipated to position it as the inaugural operational lithium mine within the nation.
The Manono project marks a crucial strategic investment, particularly as Chinese enterprises pursue Africa’s lithium resources despite a dramatic price drop of nearly 90% since 2022. Zijin Mining, along with other Chinese firms, is bolstering its position in anticipation of a burgeoning demand for lithium for electric vehicle batteries and energy storage systems, signaling optimism for the long-term market. The company also possesses lithium projects in China and Argentina, further diversifying its interests in this vital mineral sector.
Zijin operates extensive mining operations across five continents, dealing not only with lithium but also with copper, gold, and zinc. The Manono site, which they have developed in a joint venture with the Congolese government, was awarded a full mining license four months ago. According to Zijin, the lithium oxide content at this site averages 1.51%, underscoring the project’s substantial potential.
The global demand for lithium has surged in recent years due to its critical role in battery production, particularly for electric vehicles and renewable energy storage. As countries and corporations strive to meet sustainability goals, sourcing lithium has become increasingly competitive. China has emerged as a significant player in lithium mining investments, particularly in Africa, where untapped resources abound. The Manono project is a focal point in this landscape, presenting a unique challenge and opportunity given the ongoing arbitration with AVZ Minerals, which is seeking to reclaim its exploratory rights following the government’s license grants to Zijin.
In conclusion, Zijin Mining Group’s upcoming initiatives at the Manono lithium project represent a pivotal move in the global lithium market, focusing on securing resources for future demand in battery technologies. Despite legal challenges posed by AVZ Minerals, Zijin’s commitment to cultivating this project illustrates the competitive nature of lithium sourcing amid evolving market dynamics. As the demand for electric vehicles and sustainable energy solutions continues to rise, projects like Manono will be integral to fulfilling the necessary resource requirements.
Original Source: www.scmp.com
