Tanzania is enhancing its status in the lithium market through government initiatives and international investments. A ban on raw lithium exports in 2023 has triggered increased investments. Strategic programs, including a mapping initiative and international partnerships, aim to attract investments in the lithium sector, while private companies are actively exploring lithium projects across the country.
Tanzania is consolidating its role in the global lithium market, bolstered by government initiatives and active engagement from international companies. A significant uptick in investment followed the 2023 ban on raw lithium exports, which encourages domestic processing and numerous ongoing projects.
To draw in new investments, the Tanzanian government has rolled out several strategic programs, including the Tanzania Critical and Strategic Mineral Strategy, introduced in late 2024. Currently, this initiative is in the consultation phase and aims to optimize resource management for lithium through enhanced exploration, mining, and supply chain improvements.
In October 2024, the Geological Survey of Tanzania announced a 73 billion TZS High-Resolution Airborne Geophysical Survey to map the nation’s mineral resources, including lithium. With only 20% of Tanzania surveyed so far, the goal is to cover 50% by 2030, which will promote further investment and exploration.
Additionally, in September 2024, Tanzania joined the Minerals Security Partnership, composed of 14 Western nations and the European Commission, to enhance financial accessibility, foster technical cooperation, and fortify supply chains for critical minerals like lithium and graphite. These programs are expected to galvanize new investments throughout the lithium sector.
Private sector involvement is increasingly significant, with several international companies committing to Tanzanian lithium projects. For instance, in July 2024, the Australian enterprise AustChina confirmed high-grade lithium deposits at its Chenene Project, while Dubai-based Titanium Lithium has identified lithium-rich minerals at its Titan 1 and Titan 2 sites. U.S. firm CGrowth Capital has also uncovered lithium deposits during exploration activities in Dodoma Region.
Upcoming events, such as the African Mining Week, will present opportunities to connect Tanzanian lithium projects with potential investors. This platform will showcase the entire lithium value chain in Tanzania and across Africa, facilitating collaboration and highlighting investment opportunities. The event will be held in conjunction with the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town.
In summary, Tanzania is poised to strengthen its role in the global lithium market through strategic government initiatives and growing private sector investment. The country’s commitment to resource management and international collaboration, combined with its rich lithium deposits, positions it for significant growth in the critical minerals sector.
Original Source: energycapitalpower.com
