Companies explore deposits, seek investment as worldwide demand grows for “white petroleum” to power rechargeable batteries.
As global demand for lithium skyrockets, Zimbabwe may increase production of the so-called “white petroleum’’ that powers rechargeable devices including telephones and automobiles.
Tesla’s plans to mass-produce its Model 3 battery-powered car have stoked worldwide demand. Tesla estimated its production target for electric cars alone – 500,000 vehicles by 2020 – could require as much lithium as is already currently being produced.
Zimbabwe, the fifth largest producer of lithium on the planet, could increase its share of a growing market.
Premier African Minerals has begun looking for partners to expand its Lithium and Tantalum mining operations at its Zulu Project in Zimbabwe…
Source: Global demand could boost lithium mining in Zimbabwe