A potential European Commission (EC) act to classify lithium | The Paradigm Shift Channel ⏳

A potential European Commission (EC) act to classify lithium as a Category 1A reproductive toxin in this year’s fourth quarter could undermine the European Union (EU)’s attempt to create and support a domestic battery materials supply chain. Should the European Commission take this decision, it may undermine the EU’s energy security and net zero goals, in addition to increasing costs for the domestic EV market.

Zimbabwe holds Africa's largest lithium reserves, the fifth-largest globally, with its province of Masvingo home to the Bikita mine - site of the world's largest-known deposit of the metal at around 11 million tonnes. Chinese companies are making in roads in acquisitions of lithium mining companies in Zimbabwe after two decades of Western economic and political sanctions.