BUA Group eyes ‘Lithium’ mining, a significant element for making Electrical Automobile (EV), laptop computer and telephone batteries.
It says that a number of states in Nigeria are sitting on deserted lithium deposits, which may be transformed into materials good points.
Demand for lithium is anticipated to proceed to develop, with EV and battery storage tech already accounting for 30% of whole present demand.
BUA Group, a Nigerian conglomerate lively in cement manufacturing, sugar refining and actual property, is eyeing the mining of lithium, a extremely worthwhile commodity used for making rechargeable batteries of laptops, cell telephones and Electrical Autos (EV).
The Group Government Director of BUA Group, Kabiru Rabiu, made this identified in Abuja on Thursday Might 12, 2022, on the sidelines of the African Finance Company (AFC) Dwell Infrastructure Options Summit.
The BUA boss famous that a number of states in Nigeria are sitting on deserted lithium deposits, which may be transformed into materials good points.
He mentioned :
“We additionally need to go massively into mining. We acquired an organization known as PW Nigeria. PW Nigeria is a civil and mining firm during which we’re the bulk proprietor and it does most of our mining. We are going to use that capability to take a look at lithium. Lithium is one thing that’s in big demand due to electrical automobile (EV) batteries.
“Some states in Nigeria are sitting on insanely deserted deposits of lithium. We additionally plan to enter tin mining as nicely, along with phosphate. Nigeria’s fertiliser consumption is beneath 20 kilogramme per hectares, in comparison with China and India.”
Demand for lithium is anticipated to proceed to develop, with electrical automobiles and battery storage applied sciences already accounting for 30% of whole present demand, in accordance with the Worldwide Vitality Company.
Lithium, a light-weight metallic, is usually discovered both in underground deposits of clay, in mineral ore or underground pockets of water.