matify83:
The Chinese are here to grab and leech on our resources again.

I hope there will be stringent regulations to protect the environment and also prevent them from fleecing the state and country of our dues.

Government should follow up on the agreement with them setting up a battery manufacturing plant in proximity to this processing/extracting plant

LegallyBlunt:


We're being used. Nigeria and some parts of Africa are being used.

They're making these plants all over to produce batteries for the electric vehicles. That means billions and billions of dollars.

Our government just let's then waltz in and take. Where's the money generated? What taxes are they paying?

Zafsy75:
This Is A Multi Billion Naira Lithium Processing Plant In Nasarawa State, Nigeria .

●The Lithium Processing Plant Has The Capacity Of Processing 3000 Metric Tonnes A Day.

●Plant Expected To Be Inaugurated This Year, It Would Create Jobs And Positively Impact The Economy.

Ozommadu:


Will it make tinupoo to stop wasting tax payers money in french hospital

Tinupoo and France hospital be like 5&6

matify83:


Correction!

Lithium doesn't waste away, it has been there for donkey years and will remain there for another thousands of years if it is not mined.

I don't want us to repeat the mistakes we made with oil with another resource that requires foreign investors to process. The case of Niger and France concerning uranium mining is still causing ripples in the west African subregion.

Rostikol:


SHUT UP and go and learn about the lithium development policy of the Nigerian govt instead of spilling rank ignorance online.

Most of you only have time to come here and type your negative rubbish borne of ZERO research, since you are too lazy and stupid to learn anything, and swim in negativity and ignorance.

RepoMan007:
you can send him some Anambra herbal concoction yourself.

marenkurz:
Our leaders are too dumb.
They should be producing battery in Nigeria not just to take lithium away.

Transfer of technology is the most important. That was how China developed.

matify83:
The Chinese are here to grab and leech on our resources again.

I hope there will be stringent regulations to protect the environment and also prevent them from fleecing the state and country of our dues.

Government should follow up on the agreement with them setting up a battery manufacturing plant in proximity to this processing/extracting plant

christejames:
This is interesting!






Nasarawa State is the home of solid minerals, if that state gets a well focused government, the fortune of the state will be turnaround for good.

shortIGBOman:


Those States no get any resources. They are barren.

ObiPandora:
Ate you Igbo ? Cos only Igbos reason the way you do,if investor leave naija Tinubu as ruined the economy buy when investor come you go they are here to leech you.

Stay one place make you no which one you de.

christejames:
This is interesting!
Nasarawa State is the home of solid minerals, if that state gets a well focused government, the fortune of the state will be turnaround for good.

matify83:
The Chinese are here to grab and leech on our resources again.

I hope there will be stringent regulations to protect the environment and also prevent them from fleecing the state and country of our dues.

Government should follow up on the agreement with them setting up a battery manufacturing plant in proximity to this processing/extracting plant

Righthussle:
"Plant Expected To Be Inaugurated This Year, It Would Create Jobs And Positively Impact The Economy.
"


Story

RepoMan007:
you can send him some Anambra herbal concoction yourself.

matify83:
The Chinese are here to grab and leech on our resources again.

I hope there will be stringent regulations to protect the environment and also prevent them from fleecing the state and country of our dues.

Government should follow up on the agreement with them setting up a battery manufacturing plant in proximity to this processing/extracting plant

RepoMan007:
you can send him some Anambra herbal concoction yourself.

dominique:
My major concern is how they plan to dispose their toxic wastes. Hope this has been thoroughly discussed?

matify83:
The Chinese are here to grab and leech on our resources again.

I hope there will be stringent regulations to protect the environment and also prevent them from fleecing the state and country of our dues.

Government should follow up on the agreement with them setting up a battery manufacturing plant in proximity to this processing/extracting plant

Copycat Chinese Lithium Firms Back Nigerian Processing Plant
Ganfeng, Tianqi and CATL doppelgangers back Nigerian project
Chinese companies have ‘no formal affiliation’ with firms
By William Clowes and Annie Lee
27 October 2023 at 01:05 BST
Updated on 27 October 2023 at 09:39 BST

Nigeria’s first lithium-processing plant launched to great fanfare this month with the backing of three companies that, at first glance, look a lot like heavyweights of China’s battery-metals industry.

But the trio of firms behind the planned $250 million investment — Ganfeng Lithium Industry Ltd., Tianqi Lithium Industrial Ltd. and Ningde Era Industrial Ltd. — have nothing to do with three nearly identically-named behemoths listed on the Shenzhen and Hong Kong stock exchanges. Instead, the West African country’s corporate register shows they are wholly local ventures controlled by Chinese nationals that were founded last year at an address in a medium-sized southwestern Nigerian town.

“We are independent companies,” Kelvin Dai, managing director of the Nigerian Ganfeng, said by text message. “Please don’t make any confusion,” he said, without answering questions on how and why the firm and its shareholders selected such recognizable names.

The project is a response to the Nigerian government’s efforts to diversify the economy away from oil and tap into a predicted explosion in electric-vehicle sales that has transformed lithium, a vital component in rechargeable batteries, into one of the world’s most important commodities.

It’s also the latest example of how the surging demand for lithium is prompting a frenzy of activity to secure fresh supplies by a range of new players like the recently established Nigerian companies — but also major automakers and specialist miners — looking to cash in on the boom.


No Formal Affiliation’
The Nigerian Ganfeng, which is owned by the Nigeria-based Tianqi and Ningde Era, hosted Solid Minerals Minister Dele Alake at a ceremony in the northern Nasarawa state on Oct. 12 to start building a facility the company says will take two years to complete and be able to refine 18,000 tons of lithium ore per day.

“My presence will provide moral support to deliver this project as fast as possible,” said Alake.

A week later, the Nigerian firm released a statement to the local media describing itself as a “renowned and reputable Chinese mining firm” that has “no formal affiliation whatsoever” with its much larger namesake. The company has “never relied on or utilized any resources or influence” of the more established group, it said. The statement didn’t refer to the names of its two shareholder firms.

A spokesperson for Jiangxi-based Ganfeng Lithium Group. Co. Ltd., which is one of the world’s largest suppliers of lithium chemicals, said in an email that the Nigeria-registered company is not one of its subsidiaries. Tianqi Lithium Corp. — one of China’s top producers of the metal — and Contemporary Amperex Technology Co. Ltd. — the world’s biggest manufacturer of EV batteries — also said they aren’t involved with the Nigerian firms. Ningde Era is the literal English translation from the Chinese characters of CATL, which is how the giant battery maker is known.

Alake didn’t respond to questions from Bloomberg about whether the Nigerian government was aware of the similarity of the names between the investors and the Chinese giants.

China Leading Race
Mines across Africa are forecast to increase lithium output more than 70-fold by 2030, compared with last year’s volume, according to BloombergNEF — which would grow Africa’s share of global supply to 14% from 1%.

https://www.bloomberg.com/news/articles/2024-02-05/vodafone-sales-beat-estimates-on-cloud-enterprise-growth

Ozommadu:


Will it make tinupoo to stop wasting tax payers money in french hospital

Tinupoo and France hospital be like 5&6

Gboss247:
Dangote building an oil refinery instead of building lithium refinery, lithium battery factory and solar technology factory is clueless investment. Dangote, NNPCL, BUA and modular refineries are all potential stranded assets because electric cars and renewable energies are making them useless.

shotuns:
Would have been nice if states have the autonomy to control its resources but the money vampires in Aso rock won't let it happen. All states in Nigeria have one or more natural resources that can be harnessed to bring about rapid development for the states. Nigeria should have no business with poverty.

Zafsy75:
This Is A Multi Billion Naira Lithium Processing Plant In Nasarawa State, Nigeria .

●The Lithium Processing Plant Has The Capacity Of Processing 3000 Metric Tonnes A Day.

●Plant Expected To Be Inaugurated This Year, It Would Create Jobs And Positively Impact The Economy.