More

    China deepens hold on Africa’s critical minerals as Congo’s Manono lithium project prepares for first exports

    China’s Zijin Mining is set to begin lithium production in June at the Manono deposit in the Democratic Republic of Congo (DRC), marking a major step in Beijing’s broader push to secure strategic mineral resources across Africa.

    The Manono project, developed in partnership with Congolese state miner Cominiere, is regarded as one of the largest undeveloped hard-rock lithium reserves globally. .

    Its development places the DRC at the centre of intensifying global competition for battery metals vital to electric vehicles and renewable energy storage systems.

    Company officials confirmed that initial production will begin this month, with exports scheduled to follow immediately. The updated timeline accelerates earlier projections that had targeted a first-quarter 2026 launch.

    Cominiere’s Managing Director, Alpha Monga Mwidia, stated that the project will ship its first lithium volumes shortly after output begins. 

    However, neither Zijin nor its Congolese partner disclosed projected production volumes for the first year.

    Don’t Miss This: Dangote Group, NNPC deepen gas partnership to support expansion projects

    Despite the production milestone, the Manono deposit remains under international arbitration. 

    In 2023, the Congolese government revoked the mining license of Australia’s AVZ Minerals, citing delays in project development. 

    The government subsequently endorsed a new partnership involving Zijin Mining and Cominiere.

    AVZ has challenged the decision, arguing that the license cancellation was unlawful and pursuing arbitration proceedings. 

    Congolese authorities maintain that the revocation complied with national regulations.

    Zijin controls a 61% stake in the venture, with the remaining equity held by Cominiere and the Congolese state.

    Under the joint venture structure, all initial lithium output including Cominiere’s share — will be marketed and sold by Zijin. While Cominiere did not contribute to the approximately $1 billion in project financing, it is expected to receive revenue proportional to its ownership stake.

    The project comes online at a turbulent moment for global lithium markets. Prices have dropped roughly 86% from their peak in late 2022, weighed down by increased Chinese stockpiling, expanding production capacity, and moderating growth in electric vehicle demand.

    Even amid weaker prices, China continues to reinforce its dominance in Africa’s mining landscape, particularly in the DRC, which is rich in lithium and copper resources.

    Manono also reflects growing geopolitical rivalry over Africa’s battery minerals. 

    The United States has been working to channel Congolese mineral exports toward Western markets through short-term supply agreements, aiming to counter China’s entrenched presence in African mining.

    Meanwhile, U.S.-supported KoBold Metals, which holds exploration rights on another section of the Manono deposit, has announced plans to delay construction until ownership disputes surrounding the site are resolved.

    As production nears, the Manono project underscores not only Congo’s rising significance in the global energy transition but also the intensifying strategic competition shaping Africa’s mineral future.

    Sign up for our free Daily newsletter

    We'll be in your inbox every morning Monday-Saturday with top business news, inspiring stories, best advice and exclusive reporting from Entrepreneur.

    Related Posts

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest

    Mastering Financial Planning for Your Business Success

    Mastering the art of financial planning for your business is essential for sustainable growth and long-term success. A solid financial plan serves as a...

    The Unexpected Health and Longevity Benefits of Gardening

    Gardening isn’t just a hobby—it’s a prescription for a longer, healthier life. As more research surfaces, the act of digging in the soil, tending...

    Marriage Rites Across African Tribes

    In Africa, marriage is rarely a private affair. Across the continent, it is a public, communal, and deeply symbolic institution—one that unites families, reinforces...

    Munachi Arinze: Redefining Nigeria’s Real Estate with Innovation and Sustainability

    Munachi Arinze, CEO of Empire Homes Realty Ltd, is reshaping Nigeria’s real estate industry with a forward-thinking approach that merges technology, sustainability, and personalized...

    Fatima Siad: The Somali-Ethiopian Fashion Icon Redefining Global Beauty Standards

    For an industry often criticized for its narrow ideals of beauty, Fatima Siad has become a revolutionary force.  With her striking features, graceful walk, and...