On August 24, 2026, Shengxin Lithium Energy announced that the company plans to invest in the construction of lithium sulfate projects with an annual output of 75000 tons in Zimbabwe and Nigeria respectively. The total planned investment for the two projects is approximately 476 million US dollars, equivalent to 3.2 billion yuan. This marks the extension of Shengxin Lithium Energy's industrial layout in Africa from lithium mining to lithium salt processing, which is a crucial step in the global layout of the upstream lithium battery industry chain.

Two lithium sulfate factories in Africa are advancing simultaneously

Shengxin Lithium Energy plans to build an annual output of 75000 tons of lithium sulfate project in Zimbabwe and Nigeria respectively. The total planned investment for the Zimbabwe project is approximately 244 million US dollars, to be implemented by Max Mind Investments, a wholly-owned subsidiary, and located in Bukhara District, Manicalan Province. The total planned investment for the Nigeria project is approximately 233 million US dollars, to be implemented by Chengxin Lithium International, a wholly-owned subsidiary, and located in Ilolin, Kwara State. The construction period of both projects is 19 months, with a total increase of 150000 tons/year of lithium sulfate production capacity and a total investment of about 3.2 billion yuan. It is the largest overseas lithium salt processing layout of Shengxin Lithium Energy so far.

Connecting the entire chain from mining to processing

Shengxin Lithium Energy already owns Sabixing Lithium Tantalum Mine in Zimbabwe, with a raw ore production capacity of 990000 tons per year and the ability to produce approximately 290000 tons per year of lithium concentrate. A beneficiation plant with a capacity of 500000 tons per year is currently under construction in Nigeria, and plans are underway to continue expanding its capacity. The new lithium sulfate project is aimed at utilizing local lithium mineral resources to promote on-site processing of raw materials and reduce production and logistics costs. By laying out lithium ore resources and lithium salt processing in the same area, Shengxin Lithium Energy has achieved the integration of the industrial chain from mining, beneficiation to lithium salt processing. In the first half of 2026, due to the increase in sales volume and average sales price of lithium salt products, Shengxin Lithium Energy's operating revenue was 7.358 billion yuan, a year-on-year increase of 355.94%, and its net profit was 1.012 billion yuan, a year-on-year increase of 220.30%. Keywords: the Belt and Road news network, enterprise industry, lithium sulfate

Formation of overseas production capacity matrix

Shengxin Lithium Energy's Shengtuo Lithium Salt Project in Indonesia has achieved full production capacity, with a capacity of 60000 tons per year of lithium salt. With the advancement of two lithium sulfate projects in Zimbabwe and Nigeria, the company's overseas lithium salt production capacity will increase by an additional 150000 tons per year, forming a lithium salt processing network covering Asia and Africa. Lithium sulfate is an important intermediate product for the production of lithium carbonate and lithium hydroxide, and plays a crucial role in the new energy industry chain. Shengxin Lithium Energy stated that the two projects will further leverage overseas production capacity to enhance the supply capacity of lithium products and strengthen the competitive advantage in the global lithium battery supply chain. Lithium is the core raw material of the new energy industry. Against the backdrop of sustained growth in demand for electric vehicles and energy storage, Shengxin Lithium Energy's African layout will help consolidate its global lithium salt supply position.Editor/Gao Xue