Zijin Mining plans lithium production in Congo by 2026, leveraging one of the world’s largest lithium deposits. Legal disputes between AVZ Minerals and the Congolese government complicate development of the Manono lithium project.
Despite the dramatic 90 percent drop in lithium prices since their 2022 peak, Zijin remains committed to the long-term growth prospects in the electric vehicle and energy storage sectors. The company is betting that global demand for lithium will recover, positioning itself to capitalize on this rebound.
Zijin is progressing with its plans to develop a phased lithium processing plant at Manono, initially producing lithium concentrate and sulfate for export. Longer-term plans include local refining, contingent on a stable power supply. A Zijin subsidiary has already refurbished a nearby hydroelectric plant to support the operation.
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