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Home Africa Means Business

Namibia bans export of unprocessed critical minerals

Namibia is one of the top global producers of uranium and gem-quality diamonds, but its battery metals are attracting growing interest as the world shifts away from polluting fuels to renewable energy.

Jeorge Wilson Kingson by Jeorge Wilson Kingson
June 12, 2023
in Africa Means Business, Foreign, Mining, The 54 AFRICAN STATES
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Namibia has banned the export of unprocessed lithium and other critical minerals, the government announced on Thursday, as it seeks to profit from growing global demand for metals used in clean energy technologies.

The southern African country has significant deposits of lithium, which is vital for renewable energy storage, as well as rare earth minerals such as dysprosium and terbium needed for permanent magnets in the batteries of electric cars and wind turbines.

“Cabinet approved the prohibition of the export of certain critical minerals such as unprocessed crushed lithium ore, cobalt, manganese, graphite and rare earth minerals,” Namibia’s information ministry said in a statement.

Only small quantities of the specified minerals would be allowed, after approval by the mines minister, it said.

Namibia is one of the top global producers of uranium and gem-quality diamonds, but its battery metals are attracting growing interest as the world shifts away from polluting fuels to renewable energy.

Last year, Namibia signed an agreement to supply rare earth minerals to the European Union under the bloc’s plan to reduce its reliance on China for critical minerals.

Some firms with critical minerals projects in Namibia include the Australia-listed Prospect Resources, Arcadia Minerals and Askari Metals. Celsius Resources and Namibia Critical Metals are developing cobalt and rare earth projects, respectively.

Another African lithium producer Zimbabwe banned lithium ore exports last December, allowing only concentrates to be shipped out. Zimbabwe has said it wants lithium miners operating in the country to work towards producing battery-grade lithium locally and could impose a tax on exports of lithium concentrate in future.

 

Tags: bansexportmineralsNamibiaunprocessed
Jeorge Wilson Kingson

Jeorge Wilson Kingson

Jeorge Wilson Kingson is the Managing Editor of ArtCraft Media Consult (Publishers of GhanaNewsOnline.com.gh and BusinessweekGhana.com), and a consulting Editor for The Corporate Guardian Magazine. He is the Chairman of the Media Alliance in Tobacco Control and Health (MATCOH). He is also the National Coordinator for the International Standards Journalism Association (ISJA) and the National Online Newsportals Coordinator for the Private Newspaper and Online Newsportals Publishers Association of Ghana (PRINPAG). He is a senior member of Ghana's Parliamentary Press Corps. He is the ACS Global Cancer Ambassador for Ghana and a Peace Advocate

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