Tanzania’s Strategic Initiatives and Private Investment Advancing Lithium Market
Tanzania is strengthening its position in the global lithium market through strategic government initiatives and increased participation from international mining firms. A ban on raw lithium exports has increased investment, while partnerships and new surveys aim to enhance resource management and exploration. Key private sector projects are underway, with upcoming events connecting investors and developers.
Tanzania is enhancing its role in the global lithium market through effective government initiatives and robust involvement from international exploration and production firms. Since the 2023 ban on raw lithium exports, which aims to promote downstream investments, the country has seen a notable increase in investments, with numerous projects in progress.
To attract new investments in the lithium and critical minerals sector, the Tanzanian government launched several strategic programs. The Tanzania Critical and Strategic Mineral Strategy, introduced in late 2024, is currently in its stakeholder consultation phase and aims to improve the management and exploration of key resources, including lithium.
In October 2024, the Geological Survey of Tanzania initiated a significant High-Resolution Airborne Geophysical Survey costing 73 billion TZS. This nationwide effort seeks to map the country’s mineral resources, including lithium, with the goal of surveying 50% of Tanzania by 2030, thereby aiding investment and exploration endeavors.
Tanzania’s partnership with the Minerals Security Partnership, established in September 2024, involves 14 Western nations and the European Commission. This collaboration aims to enhance financing access, disseminate technical expertise, and fortify supply chains for crucial minerals, further supporting new investments in the lithium value chain.
The private sector is increasingly involved, with international mining companies actively pursuing lithium exploration and production in Tanzania. Notable investments include Australian firm AustChina’s successful exploration of high-grade lithium at its Chenene Project and Dubai-based Titanium Lithium’s identification of lithium minerals in its Titan 1 and Titan 2 projects. Additionally, U.S.-based CGrowth Capital reported lithium discoveries in Tanzania’s Dodoma Region.
The upcoming African Mining Week is anticipated to connect Tanzanian lithium projects with potential investors. This event will showcase opportunities across Tanzania and Africa’s lithium value chain, fostering collaboration and investment prospects. African Mining Week coincides with the African Energy Week: Invest in African Energies 2025 conference, taking place from October 1-3 in Cape Town.
In summary, Tanzania’s efforts to strengthen its lithium market are driven by government initiatives and increased private sector participation. Strategic programs and partnerships have been established to promote investment and exploration, while significant discoveries by international companies bolster the country’s lithium prospects. Upcoming events, such as African Mining Week, further highlight investment potential in the region.
Original Source: www.zawya.com
