According to the report, despite a 27% year-on-year increase in Zimbabwe's lithium export volume during the first nine months of 2025, export revenue fell by 11% to US$390 million.
The Minerals Marketing Corporation of Zimbabwe (MMCZ) attributed this decline primarily to persistently low international spodumene prices. Global lithium prices have dropped by over 80% from March 2023 through 2024, with excess supply dampening export earnings for Zimbabwe, a major lithium-producing country in Africa.
Despite market price pressures, Zimbabwe's lithium industry continues to attract investment. Chinese capital remains a key driver of sector development, with Tsingshan Group and Huayou collaborating on the new Sandawana lithium mine project, scheduled for completion by 2027.
Edited by Cassie Li, lixiangying@mysteel.com
