Posted on 01/04/2023 7:05:40 PM PST by nickcarraway
Zimbabwe has banned all lithium exports after the government said it was losing 1.7 billion euros from exporting it as a raw mineral and not processing it into batteries in-country.
Lithium is so valuable as a component of electronic batteries - mostly for cars mobile phones and computers - that it’s known as “white gold.” The price has gone up by 1,100 percent in the past two years alone.
Zimbabwe has the largest amount of the mineral in Africa and has enough of it to supply a fifth of the world’s needs, the government says.
Whilst it’s on track to become one of the world’s largest lithium exporters, the government says it should start its own battery industry rather than allow foreign companies to dominate battery production.
If it succeeds it will mark a sea change for Zimbabwe's economy.
Like many other mineral-rich African states, it has allowed its raw minerals to be extracted by multinationals for decades without developing local industries that could process them, and create many jobs.
The Zimbabwean Ministry of Mines and Mining Development said it would also clamp down on the artisanal miners digging up lithium and smuggling the mineral across borders.
I wonder what our boys and gals and whatevers that conspire at State are going to come up with to destroy Zimbabwe now?
Batteries made in the third world. That should reduce EV fires. Or make them even more spectacular.
“..I wonder what our boys and gals and whatevers that conspire at State are going to come up with to destroy Zimbabwe now?...”
White Supremacy. /s
Zimbabwe chokes under weight of $13 billion China loans
Wednesday July 20 2022
The country is already defaulting on active loans from China.
Mugabe II
Sounds like predatory lending.
It’s just a ransom demand. Z is no more capable of building a battery factory than pigs can do aerobatics. Ransom will be paid, under the table, and exports will resume.
Zimbabwe under the thumb of South Africa where joint naval maneuvers are planned next month with China and Russia...
https://tass.com/defense/1558829
Key and Peele...but we have oil!
In this Key & Peele skit the US government is refusing to help a country in need until they found out they have oil supply and the tables have turned.
https://www.youtube.com/watch?v=h3jcmFNxRzQ
It IS predatory lending. For China, “trade” is simply a weapon for subjugation.
I can here the chi-coms now.. YOU OWE US 13 BILLION DOLL-AIRS! ,SOOOOOOOOO... FUK- YOU, YOU SIT DOWN AND SHUT UP, WE NOW TAKE OUR LITH-UM. YOU WILL DO NOTHING booooii!!
Is Hunter involved? Is the Big Guy getting his 10%? In a pinch does Hunter snort the White Gold with a dash of parmesan?
Zimbabwe chokes under weight of $13 billion China loans
Wednesday July 20 2022
The country is already defaulting on active loans from China.
What? The Chicoms won’t take Trillion Zimbabwean dollar bills?
HAHAHAHAHAHAAHAAHAHA
Batteries built in Zimbabwe?
Soooooo.... no batteries because they’ll never actually build them.
They’ll hit each over the head with the or until someone comes along and saves them.
Now all the tree huggers will finance Africans to destroy the planet
Brilliant
Sounds like predatory lending.
/\
That’s only cuz
IT IS
predatory lending.
/\
Communists ARE predators.
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