Nigeria Rejects Tesla Offer to Mine Lithium

[Hilmaam]

https://thenationonlineng.net/why-nigeria-rejected-telsas-bid-to-mine-raw-lithium/

 

[Hilmaam]

The Federal Government rejected Tesla’s offer to purchase raw lithium from the country because it is no longer interested in allowing foreign companies to mine the nation’s mineral resources, ship them out without the addition of local value.Adegbite said: “Anything that is mined in Nigeria must have value addition to the country; we must try to use them within Nigeria than exporting them. When I was in Saudi Arabia, we were approached by Tesla, a lot of its battery companies were there and they approached Nigeria, they were interested in our Lithium and I said no, we don’t want to export lithium from Nigeria, come to Nigeria, come and establish your factory plant. Mine the lithium, produce the batteries and then you can export that, gone are the days when we would export raw minerals.”

 

[Velœcity]

this is good news. Especially for a corruption rid continent like Africa.

when you export it raw, the value decreases. Just like how when you export gold raw, versus exporting gold necklaces, the necklace cost nearly 3 folds more then the raw gold nuggets.

 

[Hilmaam]

this is good news. Especially for a corruption rid continent like Africa.

when you export it raw, the value decreases. Just like how when you export gold raw, versus exporting gold necklaces, the necklace cost nearly 3 folds more then the raw gold nuggets.

Exactly we need to be like China and get manufacturing to Africa so we can build expertise and eventually cut out foreign middleman in the future

 

[Velœcity]

Exactly we need to be like China and get manufacturing to Africa so we can build expertise and eventually cut out foreign middleman in the future

If only Somalis stopped making hotels and resorts. Like what does that do for us? Smh.

we need to industrialize our economy not stay reer ‘baadiyo’ and export geel. Yes I get it we have 99999999 names for camels blah blah…

we need factories and become the factory of the region forget the entire world, and need to produce our own cars inshallah.

 

[bidenkulaha]

If only Somalis stopped making hotels and resorts. Like what does that do for us? Smh.

we need to industrialize our economy not stay reer ‘baadiyo’ and export geel. Yes I get it we have 99999999 names for camels blah blah…

we need factories and become the factory of the region forget the entire world, and need to produce our own cars inshallah.

70% of the Chinese economy is real estate. Both Japan and China had crazy economic growth through this sector lol.

But for sure we must balance our economy and get manufacturing and producing. I recommend us going all in on energy, the world is going to invest trillions in renewables and countries most affected by climate change will get significant investment from this. We’re both a country affected by climate change as well as being perfect for wind and solar

 

[Throughbred]

To boost its economy, Indonesia wants to move away from exporting raw materials, to focus instead on developing its downstream industries and move up the value chain. Recently Chinese and other foreign companies has invested billions in the country .

Turning nickel into EV batteries: Indonesia wants to take its mining industry to the next level

Indonesia boasts of natural deposits including tin, nickel, cobalt and bauxite — some of which are important raw materials for electric vehicle production.

www.cnbc.com