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"Zimbabwe's Ban On Exportation Of Raw Lithium Could Trigger Price Hike Globally"

Zimbabwe’s ban on the exportation of raw lithium could trigger a rise in the price of lithium and by-products globally, miners have said.

The southern African nation is the world’s sixth-largest producer and the largest lithium miner on the continent.

Its decision to ban raw lithium exports aims to make it a bigger player in EV battery production and support its clean energy transition.

Chris Berry, president of commodities advisory firm House Mountain Partners in New York said Chinese firms that had made recent lithium investments in Zimbabwe would need to build processing facilities there so they can export higher-value lithium chemicals.

Berry is cited by The Herald, a state-run newspaper, as saying building the facilities would be at a cost of hundreds of millions of dollars. He said: 

There is a great deal of capital required to build chemical conversion facilities outside of China, not to mention the two or three-year lead time necessary to actually complete construction and commissioning.

He added if more countries followed suit, it could have wider implications, such as higher prices for lithium and other raw materials.

Zimbabwe produced 1 200 tonnes of lithium in 2021, making it the sixth-largest miner globally behind Brazil (1 900 tonnes), Argentina (6 200 tonnes), China (14 000 tonnes), Chile (26 000 tonnes) and Australia (55 000 tonnes).

Sinomine Resource Group recently acquired “the world’s largest-known lithium deposit in Zimbabwe”, the Bikita mine, and has invested more than $200m into expanding it.

The British Geological Survey published a report in 2021 identifying multiple new potential lithium sources in Zimbabwe, which were either proven to be feasible for development or already in development. 

State media reported that Chinese companies Zhejiang Huayou Cobalt, Sinomine Resource Group and Chengxin Lithium Group had acquired lithium projects worth a combined US$679m and begun progress on processing facilities, exempting them from the ban.

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Dispenser 1 month ago

Vamwe munoziva here kuti patriotic zvoreveyi or else kungotevedzera

mlambooo 1 month ago

kkkkk havazivi chitovaudzai zvainoreva

Dispatcher 1 month ago

Selling Lithium $30 a wheel barrow available pa site

1 month ago

full time score
man u 3 bounmouth 0

. 1 month ago

ko Arsenal yaita sei

vandem 1 month ago

zim ine mikana yakakura ykt economy isimuke maresources tinawo asi hatina vatungamiri . Potholes in the roads bt 80% of raw material needed to construct tared roads tinayo muno, Harare _Beitbridge road raise amount $us5,5 billion yearly iyo kuti igadzirwe ipere inoda $us7,5 billion asi zviri kutonetsa kut vakuru ava vazvigadzirise. Mari iyi iri kuinda kupi??? Manje tichasangana paballot box handiti 2023 wamaitaura ndiyeyu

Dofo 1 month ago

Hike prices globally iyo number one ichi producer 55000 tones versus 1200 tones dze Zimbabwe kkk ndidzo nhema idzi

Patriot 1 month ago

Dai pasina ma sanctions Zim inyika ine huchi ne mukadzi.

John vutu 1 month ago

Ronaldo apera shame


mlambo 1 month ago

patriot :nemukadzi hre or mukaka

TruthBtold 1 month ago

If you give these figures to your grade 5 pupils and ask them to find the sum they will tell you that it's 104.3. ask them again to find the percentage of what Zimbabwe produced they will tell you that it is 1.15% of the total produced in 2021. Now a level headed grown will use common sense to say Zimbabwe's contribution is like a drop of lithium in the ocean, meaning it is far from setting the pace of pricing index of this commodity. Thank you Mr professor sit down.

Vaye vaye 1 month ago

You are very correct, the contribution is too insignificant

lopez 1 month ago

How hie mabby

mlambo naume 1 month ago

ndipeiwo aplication ye Moya

level head 1 month ago

we have plenty minerals but brain fatigue ndoikutiparadza mediocre everytime

naume m 1 month ago

niyt everyone

kkkkk 1 month ago

bhora rapera nguvayi nhaimi.

man U 1 month ago

3-nyaaa kupedxa basa

Joker🃏 1 month ago

But these pink asian pigs rush to zim to mine our lithium yet kwavo izere
Tichasara tisisina chero ivhu haro

Arsenal 1 month ago

yapedza sei ****nal

dd 1 month ago

could trigger price hikes if other countries follow suit

Ali Tinasheba albamohamed 1 month ago

Panyepewa apo iiii 1500 tones compared to 55000
Then u say we can control the price
Kkkk ha garai pasi economists makadzidza pachuru old curriculum

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