Namibian minerals: a globally renowned treasure

Changjiang Nonferrous Metals Network News: It is reported that the main economic lifeline of Namibia's overseas countries

 lies in its mining industry, which contributes about 10% to GDP annually. The main minerals include diamonds, uranium, copper, 

etc. Especially known for its diamond and uranium production, the Hasab open-pit uranium mine ranked third in the world in terms 

of uranium oxide production in 2018. In addition, Namibia also has exploration potential for oil and natural gas. This industry not 

only has a significant impact on the economy, but also provides important support for national taxation and the job market.

Namibia, a country rich in key minerals, is driving economic development through mining development. The Lodestone Dordabis mine 

has been in operation since 2015, becoming the country's first iron ore project, mainly providing magnetite and hematite products to local

 small-scale consumers such as Ohorongo Cement. In addition, Namibia is also involved in the production of sulfuric acid and iron ore, 

demonstrating the positive impact of mining industry growth on upstream industries and service businesses. The country is not only making 

achievements in the field of iron ore, but also a promising source of new mining projects for cobalt, lithium, and rare earth elements. We are

 developing lithium mines in the west, and Desert Lion has been transporting lithium ore since 2018, with the first batch reaching 30000 tons.

Gecko Opuwo Cobalt is dedicated to cobalt mining in the Kunene region. In June of this year, the Namibian government announced a ban on

 the export of unprocessed lithium and other key minerals, aiming to profit from the growing global demand for metals used in clean energy 

technologies and promote the creation of local employment opportunities through this policy. Although Namibia is one of the world's largest

 producers of uranium and gemstone grade diamonds, its key mineral reserves, such as rare earth elements, are attracting widespread attention.

 Most experts believe that due to a lack of necessary investment in energy infrastructure, manufacturing capacity, and human capital, this ban 

may ultimately be lifted.