Zhicun Lithium Explores Lithium Opportunities in Kazakhstan

Zhicun Lithium, a major player in the Chinese lithium battery market, is considering expanding its operations into Kazakhstan. This interest was highlighted during a meeting with Kazakh Invest, where both parties discussed potential collaborations in lithium exploration, mining, and processing within the region.

The discussions come at a time when Kazakhstan is drawing significant attention for its lithium reserves, underscored by a recent discovery by Korean geologists of a substantial lithium deposit in the east of the country, valued at approximately $15.7 billion. The extraction of this valuable metal, critical for electronics and battery production, is anticipated to commence in 2025.

Kazakh Invest has extended an invitation to Zhicun Lithium Group to join in geological explorations, with prospects of eventually establishing a processing plant for lithium salts and powders. Hong Wei, Vice President of Zhicun Lithium, expressed enthusiasm for these promising projects and acknowledged the significant potential of Kazakhstan's lithium sector.

Both parties have shown a readiness to engage in long-term cooperation and technology transfer, which could further enhance Kazakhstan's position in the global lithium market. The country currently lists six deposits with potential for significant lithium yields, promising substantial contributions to the growing demand for this critical mineral.