Tanzania is strengthening its position in the lithium market through strategic government initiatives and increased investments from international companies. A 2023 ban on raw lithium exports is fostering local project development. Important programs include the Tanzania Critical and Strategic Mineral Strategy, a nationwide geophysical survey, and partnerships to enhance financing and technical expertise in critical minerals.
Tanzania is increasingly establishing itself as a significant player in the global lithium market, bolstered by government initiatives and a surge of interest from international exploration and production firms. Following a 2023 ban on the export of raw lithium, designed to stimulate local investment, the nation is witnessing a growing influx of project developments in the lithium sector.
To attract investment in lithium and other critical minerals, the Tanzanian government has enacted various strategic programs. In late 2024, it launched the Tanzania Critical and Strategic Mineral Strategy, aiming to enhance the management of vital resources like lithium through improved exploration, mining operations, and local processing while fortifying supply chain management.
Moreover, in October 2024, the Geological Survey of Tanzania initiated a 73 billion TZS High-Resolution Airborne Geophysical Survey. This expansive project aims to chart the country’s mineral resources, including lithium, with a goal of completing surveys across 50% of Tanzania by 2030, thereby facilitating investment and exploration efforts in the region.
In a significant move to bolster the mining sector, Tanzania formed a partnership with the Minerals Security Partnership in September 2024. This collaboration includes 14 Western nations and the European Commission, aimed at improving financing access, sharing technical knowledge, and strengthening supply chains related to critical minerals like lithium and graphite.
The private sector’s role is also expanding, with numerous international mining companies committing to lithium exploration and production in Tanzania. Notable progress includes AustChina, completing exploration on four promising lithium targets at its Chenene Project. Simultaneously, Dubai-based Titanium Lithium and U.S.-based CGrowth Capital have made significant discoveries of lithium-rich minerals in Tanzania.
The upcoming African Mining Week is poised to connect Tanzanian lithium projects with potential investors. This event will highlight opportunities within Tanzania’s lithium value chain while fostering collaboration among industry stakeholders. Taking place alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town, the African Mining Week serves as an essential platform for exploring mining opportunities throughout Africa.
Tanzania is strategically enhancing its stature in the global lithium market through government initiatives and private investment. The recent ban on raw lithium exports, coupled with comprehensive strategies to boost exploration and local processing, underlines the country’s commitment to developing its mineral resources. The active engagement of international mining firms and upcoming events like African Mining Week further position Tanzania as a focal point for lithium investment in Africa.
Original Source: www.zawya.com
