EconomyLens.com
No Result
View All Result
Monday, July 27, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

As Zimbabwe’s raw lithium ban pays off, ambitions grow

Thomas Barnes by Thomas Barnes
July 27, 2026
in Other
Reading Time: 7 mins read
A A
0
20
SHARES
246
VIEWS
Share on FacebookShare on Twitter

Zimbabwe is Africa's top producer of lithium, a key ingredient in rechargable batteries. ©AFP

Zimbabwe (AFP) – Zimbabwe’s first plant to process clean-energy metal lithium — of which it is Africa’s top producer — is up and running, a milestone in its expanding drive to stop the wholesale export of its raw mineral wealth. Buoyed by the development, the small southern African country is determined to go much further in its drive for local processing of its resources, even eyeing its own production of rechargeable lithium batteries. It is part of a push by the country — and others on the continent — to add value domestically to raw materials to create jobs and lift export earnings.

Related

Iran halts strikes as Trump gives space to talks

South Africa’s Ramaphosa calls for African action on migration

New York’s noisy food carts go electric in clean air trial

US panel endorses more unproven if buzzy peptides

Stock markets recover as oil retreats

“We will no longer tolerate the raw exportation of our wealth,” President Emmerson Mnangagwa said this week as he opened an industrialisation conference. “We would rather leave our valuable minerals underground than export them without processing them locally. The era of ‘horse and rider’ investment relationships is over.”

In February, Zimbabwe froze exports of raw minerals ahead of a full ban in 2027, announcing it would require “in-country value addition and beneficiation.” The focus was on raw concentrates of the rechargeable battery ingredient lithium, with most of its hundreds of thousands of tons of annual production shipped out to China, the world’s largest maker of electric vehicles. The ban sent mining firms scrambling to build plants to process lithium sulfate, a step along the value chain towards battery‑grade materials.

The first, and only one so far, was set up at Goromonzi, around 30 kilometers (20 miles) east of Harare, a $400-million facility built by Chinese-owned Prospect Lithium Zimbabwe (PLZ) that became fully operational in May. It was also a first for the continent, mines minister Polite Kambamura said on a tour last week. “The construction of the first lithium sulphate plant in Africa is behind me, and this was done in Zimbabwe,” he told journalists. “We are very happy, as a government, to witness this milestone, especially as we continue pushing for local value addition and beneficiation,” he said.

Kambamura said PLZ had also nearly completed a plant to refine lithium carbonate, the next point along the processing sequence. More sulphate processing plants were expected to come online by the time the ban on lithium concentrate exports comes into force in January 2027, he said. “The next step will be getting lithium batteries in Zimbabwe,” he said. “We will rest only after we can produce lithium batteries and solar panels.” Battery manufacturing requires extensive industrial supply chains that remain concentrated in Asia, with South Africa dominating the emerging sector on the continent.

Besides the focus on lithium, Zimbabwe’s government has another 13 minerals — from cobalt to platinum metals and rare earth elements — on its list of “critical” minerals that cannot be exported in raw form from the start of next year.

The new policy is intended to secure long-term benefits from Zimbabwe’s natural wealth, government spokesman Nick Mangwana said. “Some of these minerals are finite and future generations may never see them. We do not want them to inherit white elephants,” he told AFP. The overhaul has extended to the significant gold sector, with the government announcing in May that only indigenous citizens and locally owned companies will be permitted to operate small- and medium-scale mines, which provide livelihoods for thousands.

“This policy is not exclusion, it is structured inclusion,” said Payne Farai Kupfuwa, founder of the Young Miners Foundation, welcoming the move. The growth of the lithium sector since the February export freeze — with over $1 billion in investments since then — shows that the limits on raw mineral exports “attract value-adding industries, create jobs, boost the economy, and ensure more profits stay within the country,” public policy expert Tedious Ncube told AFP.

© 2024 AFP

Tags: clean energylithiummining
Share8Tweet5Share1Pin2Send
Previous Post

Spanish wildfires intrude on holidaying foreign visitors

Next Post

Iran halts strikes as Trump gives space to talks

Thomas Barnes

Thomas Barnes

Related Posts

Other

Volkswagen profits skid on one-off costs, China competition

July 24, 2026
Other

Oil prices retreat after surge, as stock markets diverge

July 24, 2026
Other

UN urges evacuation of 6,000 sailors stranded in Hormuz strait

July 24, 2026
Other

Stocks suffer fresh blow as markets hit by perfect storm

July 24, 2026
Other

US panel backs trendy peptides despite safety concerns

July 24, 2026
Other

US panel says to loosen restrictions on popular peptide despite safety concerns

July 23, 2026
Next Post

Iran halts strikes as Trump gives space to talks

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

103

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Iran halts strikes as Trump gives space to talks

July 27, 2026

As Zimbabwe’s raw lithium ban pays off, ambitions grow

July 27, 2026

Spanish wildfires intrude on holidaying foreign visitors

July 27, 2026

New AI tools let readers talk to books

July 27, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.