TRAGEDY AVERTED AS 120-YEAR-OLD ANCESTRAL TREE FALLS AT OBOSI MARKET. (PHOTO).#PRESS RELEASE.

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 Tragedy Averted as 120-Year-Old Ancestral Tree Falls at Obosi Market By Chiedu Okoye A major tragedy was averted at Eke Obosi Market in Idemili North Local Government Area of Anambra State after a 120-year-old ancestral tree collapsed, destroying shops and goods but leaving traders and visitors unharmed. The massive tree, estimated to be about 150 feet tall, fell within the market premises, damaging at least 12 shops and valuable merchandise. Residents and traders described the incident as miraculous, noting that no lives were lost despite the extent of the destruction. The fallen tree held significant cultural importance as a sacred symbol of Eke Obosi Market, which is regarded as a stronghold of the traditions and cultural heritage of the Obosi people. Beyond serving as a centre for commercial activities, the market is also known as a venue for communal traditional rites and ceremonies. Eke Obosi Market was recently rebuilt and modernised by renowned businessman, politician and ...
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CHINESE FIRM RUSHES TO EXTRACT OVER 60,000 METRIC TONNES OF LITHIUM AHEAD OF ZIMBABWE BAN. (PHOTO).

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 Chinese firm rushes to extract over 60,000 metric tonnes of lithium ahead of Zimbabwe ban


China's Zhejiang Huayou Cobalt plans to extract more than 60,000 metric tonnes of lithium sulphate during the first quarter of 2026 from its new $400 million plant in Zimbabwe, the company says.


This comes as Zimbabwe plans to ban lithium export and boost local processing by 2027.


Lithium sulphate is an intermediate product that can be refined into a battery-grade material such as lithium hydroxide or lithium carbonate used in battery manufacturing, Reuters reported.


"We will start the first production from the beginning of next year," Prospect Lithium Zimbabwe general manager Henry Zhu told reporters on Thursday.


"The quantity of the lithium sulphate should be more than 60,000 metric tonnes, but it will depend on the configuration of the plant, because it is brand new," Zhu added.


Local operations


The newly completed plant at Huayou's wholly owned Prospect Lithium Zimbabwe's Arcadia mine has a capacity to exceed 50,000 metric tons of lithium sulphate annually, an executive said during a tour of the operation.


Zimbabwe, Africa's top lithium producer, has been nudging miners to process the mineral in the country in order to help lift its economy.


Huayou, which acquired Arcadia lithium mine for $422 million in 2022, commissioned a $300 million lithium concentrator in 2023.


The company, along with other Chinese metals firms, including Sinomine, Chengxin Lithium Group, Yahua Group, and Tsingshan Holding, dominates Zimbabwe's lithium mining, producing concentrates and shipping them to their home country.


Huayou exported 400,000 tonnes of lithium concentrate from Zimbabwe in 2024.


The southern African country will ban the export of lithium concentrates from 2027 as it pushes for more local processing.


Sinomine has also announced plans to build a $500 million lithium sulphate plant at its Bikita mine in Zimbabwe.

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