South Africa Makes A $1.9 Million Investment To Support Regional Goals For The EV Battery Supply Chain
Canadian battery metal producer Giyani Metals will receive R29.9 million (~1.9 million) from South Africa in a calculated move by the country to invest in the manufacture and supply chain for electric vehicle (EV) batteries through the organization.
Giyani Metal’s high-purity manganese sulphate monohydrate (HPMSM) demonstration plant in Johannesburg is intended to be advanced by the financing from the state-owned Industrial Development Corporation (IDC).
The additional funds allow the company to integrate operational insights from its demonstration plant into a definitive feasibility study (DFS), which is now slated for completion in the second quarter of 2026, and raise the total IDC-backed loan facility to R329.9 million.
These insights will support Giyani’s eventual commercial manganese production as well as the expansion of its activities.
Nigel Robinson, the interim executive chairman of Giyani, told Mining Weekly, “We would like to thank the IDC for being such a supportive partner.”
A key component of the expanding green technology industry, HPMSM is a refined precursor material utilised in the manufacturing of cathode powders for lithium-ion batteries used in electric vehicles and energy storage systems.
Endeavors like this, supported by IDC, strengthen South Africa’s position in a market where low-carbon, sustainable battery materials are becoming increasingly important, while boosting local technological competence and job creation.
By: Andrews Kwesi Yeboah