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Zimbabwe's spodumene imports rise 27% despite low lithium prices

Zimbabwe's spodumene imports rise 27% despite low lithium prices
Zimbabwe's spodumene imports rise 27% despite low lithium prices

Official statistics show that despite low global lithium prices, Zimbabwean exports of spodumene, a mineral containing lithium and essential to battery production, increased by 27% during the nine-month period ending in September.

According to figures obtained on Friday by the Minerals Marketing Corporation of Zimbabwe, Africa's largest lithium producer, exported 1 million metric tonnes of spodumene between January and September. This compares to 784.746 tons in the same period of last year.

Oversupply has kept prices for lithium, a component of batteries that power renewable energy technologies, well below the 2022 peak. Prices for lithium carbonate have recently dropped to $11,000 per tonne, down from their highs of $70,000 per tonne in early 2023.

The MMCZ stated that "despite the increase in tonnage export value decreased by 11% from $432.4 millions in 2024, to $386.9million in 2025. This is primarily due to the lower international spodumene price."

CHINESE FIRMS ARE LEADING ZIMBABWE LITHIUM MINERS

China's Zhejiang Cobalt, Sinomine, Chengxin Lithium Group Yahua Group, and Tsingshan Group mine lithium concentrates and export them to China.

The MMCZ reports that these companies have collectively spent more than $1.4billion since 2021 on the purchase and development of lithium assets in the nation. Zimbabwe will ban exports of lithium concentrates in 2027, to encourage local processing. Huayou has invested $400 million in a plant in Zimbabwe that will produce 50,000 tons lithium sulphate in 2019. Huayou shipped 400,000 tonnes of lithium concentrate out of the country in 2024.

Sinomine also announced plans to build a $500-million lithium sulphate plant at its Bikita Mine in Zimbabwe. (Reporting and editing by Nelson Banya, Rod Nickel, and Chris Takudzwa Muronzi)

(source: Reuters)