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Lithium could power economy

New commodity market for Nam

What was once considered a niche mineral is now a critical component for technologies and equipment used to combat climate change. Namibia is under-explored in the lithium space, but since 2022 the country has seen a major increase in exploration activity as the scramble for base and precious metals related to renewable energy gained traction, according to a report by Simonis Storm.

Jo-Maré Duddy

1 Jaar Gelede - 2023-04-26 00:00:00

Namibia’s lithium industry could be worth up to N$13.9 billion or 6.7% of the country’s gross domestic product (GDP) per year and could pump up to N$4.6 billion into government

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Premier League: Fulham 2 vs 1 Brentford | Manchester United 1 vs 1 Chelsea | Tottenham Hotspur 4 vs 1 Aston Villa Katima Mulilo: 22° | 38° Rundu: 22° | 36° Eenhana: 20° | 36° Oshakati: 21° | 35° Ruacana: 20° | 36° Tsumeb: 24° | 33° Otjiwarongo: 18° | 33° Omaruru: 19° | 35° Windhoek: 17° | 33° Gobabis: 16° | 35° Henties Bay: 13° | 19° Wind speed: 22km/h, Wind direction: W, Low tide: 11:33, High tide: 05:50, Low Tide: 23:58, High tide: 17:56 Swakopmund: 14° | 15° Wind speed: 20km/h, Wind direction: NW, Low tide: 11:31, High tide: 05:48, Low Tide: 23:56, High tide: 17:54 Walvis Bay: 13° | 19° Wind speed: 21km/h, Wind direction: NW, Low tide: 11:31, High tide: 05:47, Low Tide: 23:56, High tide: 17:53 Rehoboth: 15° | 35° Mariental: 14° | 35° Keetmanshoop: 13° | 33° Aranos: 14° | 36° Lüderitz: 15° | 29° Ariamsvlei: 10° | 30° Oranjemund: 15° | 31° Luanda: 25° | 26° Gaborone: 19° | 36° Lubumbashi: 17° | 32° Mbabane: 12° | 22° Maseru: 6° | 26° Antananarivo: 17° | 28° Lilongwe: 24° | 33° Maputo: 18° | 26° Windhoek: 17° | 33° Cape Town: 13° | 22° Durban: 15° | 20° Johannesburg: 16° | 29° Dar es Salaam: 25° | 31° Lusaka: 21° | 35° Harare: 19° | 31° Currency: GBP to NAD 22.62 | EUR to NAD 19 | CNY to NAD 2.45 | USD to NAD 17.39 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.26 | EGP to NAD 0.35 | KES to NAD 0.13 | NGN to NAD 0.01 | ZMW to NAD 0.63 | ZWL to NAD 0.04 | BRL to NAD 3.02 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.76 | USD to AOA 909.05 | USD to BWP 13.33 | USD to EGP 49.07 | USD to KES 129.2 | USD to NGN 1664.36 | USD to ZAR 17.38 | USD to ZMW 26.95 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1876.57 Up +0.49% | Casablanca Stock Exchange (CSE) MASI 14300.12 Up +0.21% | Egyptian Exchange (EGX) 30 Index 30650.04 Down -0.59% | Botswana Stock Exchange (BSE) DCI 9845.11 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 743.91/OZ UP +0.29% | Copper US$ 4.45/lb UP +0.81% | Zinc US$ 3 126.30/T DOWN -0.16% | Brent Crude Oil US$ 75.93/BBP UP +0.46% | Platinum US$ 998.36/OZ UP +1.81% Sport results: Premier League: Fulham 2 vs 1 Brentford | Manchester United 1 vs 1 Chelsea | Tottenham Hotspur 4 vs 1 Aston Villa Weather: Katima Mulilo: 22° | 38° Rundu: 22° | 36° Eenhana: 20° | 36° Oshakati: 21° | 35° Ruacana: 20° | 36° Tsumeb: 24° | 33° Otjiwarongo: 18° | 33° Omaruru: 19° | 35° Windhoek: 17° | 33° Gobabis: 16° | 35° Henties Bay: 13° | 19° Wind speed: 22km/h, Wind direction: W, Low tide: 11:33, High tide: 05:50, Low Tide: 23:58, High tide: 17:56 Swakopmund: 14° | 15° Wind speed: 20km/h, Wind direction: NW, Low tide: 11:31, High tide: 05:48, Low Tide: 23:56, High tide: 17:54 Walvis Bay: 13° | 19° Wind speed: 21km/h, Wind direction: NW, Low tide: 11:31, High tide: 05:47, Low Tide: 23:56, High tide: 17:53 Rehoboth: 15° | 35° Mariental: 14° | 35° Keetmanshoop: 13° | 33° Aranos: 14° | 36° Lüderitz: 15° | 29° Ariamsvlei: 10° | 30° Oranjemund: 15° | 31° Luanda: 25° | 26° Gaborone: 19° | 36° Lubumbashi: 17° | 32° Mbabane: 12° | 22° Maseru: 6° | 26° Antananarivo: 17° | 28° Lilongwe: 24° | 33° Maputo: 18° | 26° Windhoek: 17° | 33° Cape Town: 13° | 22° Durban: 15° | 20° Johannesburg: 16° | 29° Dar es Salaam: 25° | 31° Lusaka: 21° | 35° Harare: 19° | 31° Economic Indicators: Currency: GBP to NAD 22.62 | EUR to NAD 19 | CNY to NAD 2.45 | USD to NAD 17.39 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.26 | EGP to NAD 0.35 | KES to NAD 0.13 | NGN to NAD 0.01 | ZMW to NAD 0.63 | ZWL to NAD 0.04 | BRL to NAD 3.02 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.76 | USD to AOA 909.05 | USD to BWP 13.33 | USD to EGP 49.07 | USD to KES 129.2 | USD to NGN 1664.36 | USD to ZAR 17.38 | USD to ZMW 26.95 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1876.57 Up +0.49% | Casablanca Stock Exchange (CSE) MASI 14300.12 Up +0.21% | Egyptian Exchange (EGX) 30 Index 30650.04 Down -0.59% | Botswana Stock Exchange (BSE) DCI 9845.11 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 743.91/OZ UP +0.29% | Copper US$ 4.45/lb UP +0.81% | Zinc US$ 3 126.30/T DOWN -0.16% | Brent Crude Oil US$ 75.93/BBP UP +0.46% | Platinum US$ 998.36/OZ UP +1.81%