Tanzania is solidifying its position in the lithium market through strategic government initiatives and private investments. Key actions include a ban on raw lithium exports to promote downstream projects, the Tanzania Critical and Strategic Mineral Strategy, and a significant airborne survey to map mineral resources. Collaborative partnerships and upcoming mining events further support investment opportunities in Tanzania’s lithium sector.
Tanzania is enhancing its status within the global lithium market, bolstered by government efforts and investment from international exploration and production firms. Following a 2023 prohibition on raw lithium exports, the nation aims to stimulate downstream investments which has resulted in a notable influx of capital and various active projects.
To further entice investment in the lithium and critical minerals sector, the Tanzanian government has initiated several strategic programs. In late 2024, the country launched the Tanzania Critical and Strategic Mineral Strategy, which is currently in the stakeholder consultation phase. This initiative focuses on optimizing resource management and enhancing local mining and beneficiation processes.
In a notable move, the Geological Survey of Tanzania revealed a 73 billion TZS nationwide High-Resolution Airborne Geophysical Survey designed to analyze the country’s mineral resources, including lithium. With less than 20% of Tanzania surveyed thus far, the goal is to map 50% of the market by 2030, facilitating exploration and investment.
In September 2024, Tanzania established a partnership with the Minerals Security Partnership, a coalition of 14 Western nations and the European Commission. This collaboration aims to enhance financing access, share expertise, and strengthen supply chains for critical minerals like lithium and graphite, paving the way for increased investments in the sector.
Private sector momentum is also increasing, with several international mining companies investing in Tanzanian lithium projects. In July 2024, the Australian company AustChina completed exploration of four lithium targets at the Chenene Project, confirming high-grade deposits. Additionally, Dubai-based Titanium Lithium discovered lithium-bearing minerals at its projects, and U.S.-based CGrowth Capital identified lithium deposits in central Tanzania.
The forthcoming African Mining Week will serve as a crucial venue for connecting Tanzanian lithium projects with potential investors. The event will highlight opportunities across Tanzania’s lithium value chain and will take place alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town.
This premier platform will provide sponsors, exhibitors, and attendees with valuable insights into the mining landscape across Africa, promoting collaboration and investment in the burgeoning lithium sector.
Tanzania is rapidly advancing its position in the lithium market through strategic government initiatives and active private sector investment. The country has implemented policies aimed at maximizing local benefits from its lithium resources, and ongoing partnerships are fostering improved access to finance and technical expertise. Upcoming events such as African Mining Week are anticipated to play a pivotal role in connecting stakeholders and enhancing investment opportunities in the region.
Original Source: www.zawya.com
