Zimbabwe’s spodumene concentrate exports surged by 30% in the first half of 2025, reaching 586,197 tonnes despite a global drop in lithium prices. Prices fell 90% due to oversupply, but producers remain optimistic about the metal’s long-term prospects in clean energy and electric vehicles, with better prices expected soon.

Chinese companies like Zhejiang Huayou Cobalt and Sinomine dominate Zimbabwe’s lithium mining industry, investing over $1.4bn since 2021. The government plans to ban lithium concentrate exports by 2027 to promote local processing. Huayou is building a lithium sulphate plant, while Sinomine aims to construct a $500m plant for battery-grade materials refining.

Read more at Yahoo Finance: Zimbabwe lithium exports soar 30% in H1 2025, defying price slump