Wednesday, April 21, 2021
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • East Africa
    • West Africa
    • South Africa
    • MENA
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • East Africa
    • West Africa
    • South Africa
    • MENA
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Electric Vehicles

High demand for electric vehicles puts Africa on the verge of a mining boom

Tech Gist Africa by Tech Gist Africa
04/02/2021
in Electric Vehicles, Insights, News, The Big 5
0 0
0
Mining Electric cars africa

Mining Electric cars africa

0
SHARES
Share on FacebookShare on Twitter

Based on a mass transition to Electric Vehicles requiring large quantities of minerals, Africa is about to experience a boom in the mining industry.

The demand for lithium, graphite, cobalt, copper, nickel and other metals, all critical for batteries, is expected to soar.

As major car manufacturers ramp up their electric vehicle ambitions.

By the end of this decade, the International Energy Agency expects electric vehicles revenues to exceed 4.4 million annually.

According to the United Nations Conference on Trade and Development, demand for lithium is expected to rise from $8bn in 2018 to $60 billion by 2025.

Benchmark’s research suggests that over the past five years, at least 175 battery super-factories have come online..

China announced a further 38 battery plants in 2020 alone.

Europe 2 and at least three expected for the US.

This places African nations at the forefront of providing raw materials.

Mineral Resources in Africa

Zimbabwe has massive amounts of lithium, northern Mozambique has some of the largest graphite deposits in the world.

South Africa has the largest known manganese and platinum reserves in the world, as well as major nickel deposits.

Zambia and the Democratic Republic of Congo are home to copper, another essential mineral for the manufacture of electric vehicles (DRC).

In the DRC, which now accounts for 73% of world production, cobalt, which is essential to the new generation of battery technology, is also produced.

Mines also need not only to construct their own immediate operations.

But also to support logistics and infrastructure such as ports, railroads and power stations.

As a result, mining operations have tended to concentrate on high-value minerals such as gold and diamonds, or low-cost base metals such as iron ore and coal production.

Now, the economics of building extraction capacity has come into line with demand for battery minerals expected to rise exponentially.

More on Tech Gist Africa

Made in Africa: iSmart Electric Car Charging Station

ShareTweetShare

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

VodaBima Vodacom Tanzania
Digital Wallet

Vodacom Tanzania and Britam have teamed up to launch VodaBima, a digital insurance platform

by Tech Gist Africa
04/21/2021
0

Vodacom Tanzania has teamed up with Britam, an East African insurance company, to launch VodaBima. VodaBima is a microinsurance platform...

Read more
FlexClub Tech Gist Africa

Europcar, a global car rental company, has partnered with FlexClub, a South African car tech startup

04/21/2021
moneygram

FNB, a South African financial services provider, has launched a mobile money transfer service in Africa in partnership with MoneyGram

04/21/2021
acebook Live Audio Rooms

Facebook creates Live Audio Rooms that are similar to Clubhouse

04/21/2021
Crypto Venmo Paypal

PayPal’s Venmo mobile payment app now includes a feature that allows users to buy and sell cryptocurrencies

04/21/2021
Next Post
Knife Capital Tech news Africa

Venture capital company, Knife Capital has raised $10 million for its Series B funding round

Mastercard Cryptocurrency

Mastercard will add Cryptocurrency to its Network later this year.

Bill-And-Melinda-Gates Foundation

Bill and Melinda Gates Foundation calls on Small-Scale Producers for Smart Farming Innovations Challenge

No Result
View All Result

The Big 5

UNICEF StartUp Lab's Ghana

Twenty-two Ghanaian startups have been accepted into the UNICEF StartUp Lab’s second cohort

by Tech Gist Africa
04/21/2021
0

...

Andela

Andela has announced its expansion into Latin and South America

by Tech Gist Africa
04/21/2021
0

...

clubhouse app

Clubhouse has completed a new round of funding, valuing the app at $4 billion

by Tech Gist Africa
04/21/2021
0

...

MTN Rwanda

MTN Rwanda to list on stock exchange in May

by Tech Gist Africa
04/21/2021
0

...

G42 Abu Dhabi Peng Xiao

G42, an AI firm based in Abu Dhabi, has received an investment of $800 million from Silver Lake.

by Tech Gist Africa
04/21/2021
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • East Africa
    • West Africa
    • South Africa
    • MENA
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.