Reply to thread

Message

[QUOTE="Munyaradzi Mafaro, post: 42097, member: 636"]
Zimbabwe will stop all lithium concentrate exports starting January 2027. The government wants companies to process raw minerals into more valuable products before selling overseas. Mines Minister Winston Chitando told reporters about the new rules during a cabinet meeting update. Officials banned lithium ore exports earlier and currently allow only concentrate shipments. The country plans to build its place within global battery supply chains.

Two companies build processing plants to turn concentrates into lithium sulphate for batteries. Bikita Minerals and Prospect Lithium Zimbabwe lead these value addition projects across the nation. Lithium sulphate becomes the main ingredient for electric vehicle batteries and energy storage systems. Companies can earn more money from processed minerals than from raw materials. The processing facilities will create jobs and boost economic growth.

Zimbabwe holds some of Africa's largest hard rock lithium deposits beneath its soil. Global demand for lithium rises as countries switch to clean energy technologies and electric cars. The export ban forces mining companies to invest more money into local processing equipment. Government leaders believe this strategy will bring greater profits to the national economy. Chitando confirmed that no company can export concentrates after the deadline passes.
[/QUOTE]

Name