Audio By Carbonatix
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 (PSC.AX), Arcadia Minerals (AM7.AX) and Askari Metals (AS2.AX). Celsius Resources (CLA.AX) and Namibia Critical Metals (NMI.V) 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.
Latest Stories
-
Foh-Amoaning urges inquiry into curriculum after NaCCA withdraws teacher manual over gender content
2 seconds -
Learning to Stay Healthy in the New Year – Focus on the Basics
2 minutes -
Ghana aims to attain WHO Level Five preparedness under new health security plan
4 minutes -
African nations slam U.S. military strikes in Venezuela as threat to global sovereignty
14 minutes -
President Mahama’s First Year: Cautious reform or dangerous complacency?
21 minutes -
Prof. Bokpin calls on gov’t to apologise over NaCCA SHS teacher manual response
23 minutes -
UN Security Council weighs dangerous precedent set by US military operation in Venezuela
25 minutes -
Semenyo’s personality fits right with Man City team – Bernardo Silva
30 minutes -
One killed in road crash at Anyaa Market
35 minutes -
China announces record $1tn trade surplus despite Trump tariffs
38 minutes -
Global temperatures dipped in 2025 but more heat records on way, scientists warn
39 minutes -
Police arrest man over alleged sale of 3-year-old son for GH¢1m
42 minutes -
Asiedu Nketia calls for investigation into cocoa sack procurement under ex-government
47 minutes -
Ghanaians divided over DStv upgrades as government ramps up anti-piracy war
51 minutes -
African exporters face tariff shock as U.S. eyes AGOA Extension Bill
59 minutes
