News Snapshot:
By Reuters HARARE: China’s Zhejiang Huayou Cobalt faces regulatory pressure to produce battery-grade lithium in Zimbabwe within five years, official documents seen by Reuters show, something the miner has already said cannot be achieved. China’s biggest cobalt refiner acquired the hard-rock Arcadia lithium mine just outside Harare for $422 million earlier this year and has announced plans to spend $300 million. But it has said production of battery-grade lithium in Zimbabwe is “not feasible” due to a shortage of electricity and other key inputs. However, as a condition for approving the deal the Competition and Tariff Commission has stipulated that...
