Mohammed Dewji Invests $275 Million in Graphite Mining as EV Battery Demand Rises
Updated
Updated · Bloomberg · Jul 10
Mohammed Dewji Invests $275 Million in Graphite Mining as EV Battery Demand Rises
1 articles · Updated · Bloomberg · Jul 10
Summary
$275 million from Tanzanian tycoon Mohammed Dewji will fund graphite mining as his MeTL Group moves into minerals used in electric-vehicle batteries.
Production from acquired mines is expected to start within 18 months, positioning the business to capture demand from automakers and governments seeking new battery-material sources.
China’s dominance in graphite output and processing is driving that push to diversify supply chains, giving African producers a wider opening in the EV minerals market.
Dewji is also investing in luxury tourism, broadening MeTL’s expansion beyond mining as Africa’s high-end travel market grows.
Can one tycoon's investment help Tanzania break China's chokehold on the global EV battery market?
Beyond digging up graphite, can Tanzania build the high-tech industry needed to power the world's EVs?
From Mine to Battery: How Tanzania’s $400,000 tpa Graphite Push Is Redrawing the Global EV Supply Chain
Overview
Mohammed Dewji’s major investment in Tanzania’s graphite mining sector is set to transform the country into a key player in the global electric vehicle (EV) battery supply chain. Driven by rising global demand for critical minerals and the need to diversify supply sources, Dewji’s team is sourcing advanced processing technology from China and collaborating with European partners to meet strict product standards. This foundational work aims to establish robust operations and supply battery-grade graphite to major markets like Europe, South Korea, and Japan, positioning Tanzania at the forefront of the energy transition and global supply chain resilience.