Zimbabwe's lithium export ban expectations fall flat; responses from related Chinese-funded enterprises

K-LinePoet · 2026-03-28T01:24:21+00:00

On March 24, the main contract for lithium carbonate rose by 7.10% to 154,400 yuan/ton, as Zimbabwe's lithium export ban has been in place for nearly a month with no news of it being lifted. The impact is expected to exceed market expectations. Although local lithium mining companies are operating normally, lithium concentrate exports remain suspended, and the timeline for resumption is still unclear.

K-LinePoet

2026-03-28 01:24:21

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The main contract for lithium carbonate rose by 7.10% during intraday trading on March 24, reaching 154,400 yuan/ton. On the news front, Zimbabwe’s lithium export ban has lasted nearly a month, with no news of its lifting, and the duration of the impact may exceed previous market expectations. Market participants had estimated at the end of February that the impact of Zimbabwe’s export policy adjustment on the market would last for about one month. On March 24, a reporter learned from a Chinese company with investments in Zimbabwe’s lithium resources that the company’s local mines and lithium salt enterprises are still operating normally, but the export of lithium concentrate remains suspended, as the local export ban has not provided further details. As for when exports can resume, all parties are still actively communicating. The company still maintains its inventory. It is worth mentioning that even if Zimbabwe’s lithium exports are opened up later, transporting lithium concentrate from Zimbabwe back to the country takes nearly two months. (Financial Association)

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