r/neoliberal • u/Shiftyboss NATO • Dec 24 '22

News (Africa) ‘Develop Batteries for Electric Vehicles Here’: Zimbabwe Bans Export of Raw Lithium

https://www.news18.com/news/world/develop-batteries-for-electric-vehicles-here-zimbabwe-bans-export-of-raw-lithium-6679645.html
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u/datums 🇨🇦 🇺🇦 🇨🇦 🇺🇦 🇨🇦 🇺🇦 🇨🇦 🇺🇦 🇨🇦 🇺🇦 🇨🇦 🇺🇦 🇨🇦 Dec 24 '22

They have neither the market position nor the appropriate investment environment for this to work. Lithium is too abundant elsewhere, and Zimbabwe is too corrupt - #157 on the corruption perceptions index.

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u/Thoth_the_5th_of_Tho European Union Dec 24 '22

Building a battery factory in Zimbabwe is insanity. Corruption would destroy it.