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Zimbabwe's lithium exports surged 30% in the first half of 2025, unaffected by the price slump
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Release time：2025-07-24
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From January to June this year, the country exported 586,197 tons of lithium-containing minerals.
According to Reuters, Zimbabwe's lithium concentrate exports surged 30% in the first half of 2025, despite a significant global drop in lithium prices, according to statistics from the Minerals Marketing Corporation of Zimbabwe (MMCZ). The country, Africa's largest lithium producer, exported 586,197 tons of lithium ore from January to June this year, compared to 451,824 tons during the same period last year. Lithium, a key component in batteries for renewable energy technologies, has seen its price plummet by nearly 90% in the past two years, mainly due to oversupply. However, given the global shift towards clean energy and electric vehicles, producers remain optimistic about the metal's long-term prospects. MMCZ stated: "There is a clear market contradiction in the lithium industry, with prices falling despite the continued rise in demand for lithium metal." A price increase is expected in the medium term.
Chinese companies such as Huayou Cobalt, China Minerals, Chengxin Lithium, Yahe Group, and Tsingshan Group dominate the lithium mining industry in Zimbabwe. According to MMCZ, these companies have cumulatively invested over US\$1.4 billion (RMB 10.05 billion) since 2021 in acquiring and developing lithium assets in the country. Last month, Reuters reported that Zimbabwe plans to ban lithium concentrate exports from 2027 to encourage local processing. Huayou Lithium exported 400,000 tons of lithium concentrate from Zimbabwe in 2024 and has begun construction of a lithium sulfate plant with an annual capacity of 50,000 tons in Zimbabwe. Similarly, China Minerals has also revealed its plan to build a US\$500 million lithium sulfate plant at its Bikita mine in Zimbabwe.
Lithium sulfate is an important intermediate product that can be refined into battery-grade materials such as lithium hydroxide or lithium carbonate, which are crucial for battery manufacturing.
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