Zimbabwe will enforce a ban on the export of lithium concentrates starting in 2027, aiming to bolster local processing capabilities, according to Mines Minister Winston Chitando, reported Reuters.
This decision follows the country’s prohibition of lithium ore exports in 2022 and is part of a broader initiative to encourage domestic processing within Africa’s leading lithium-producing nation.
Go deeper with GlobalData
Lithium sulphate plants are currently under development at Bikita Minerals and Prospect Lithium Zimbabwe, owned by Sinomine and Zhejiang Huayou Cobalt, respectively.
These facilities will produce an intermediate product that can be refined into battery-grade materials such as lithium hydroxide or lithium carbonate, essential for battery manufacturing.
“Because of that capacity, which is now in the country, the export of all lithium concentrates will be banned from January 2027,” Chitando was quoted as saying during a media briefing after a cabinet meeting.
Despite the ambitious local processing plans, Zimbabwe had to adjust its policies after lithium prices fell in 2023, the report said.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataLithium miners were initially given until March 2024 to submit plans for local refineries, but the government softened its stance due to market conditions.
Chinese companies including Chengxin Lithium Group, Yahua Group and Canmax Technologies have invested more than $1bn (7.19bn yuan) since 2021 in acquiring and developing lithium projects in Zimbabwe.
Meanwhile, Zimbabwean miners, represented by Zimbabwe Lithium Exporters, which counts Chengxin Lithium Group among its members, are seeking a postponement of the newly imposed export tax on lithium concentrate.
They argue that the 5% levy should be delayed until 2027, aligning with the expected operational date of the lithium sulphate production facilities, as per a document submitted to the mines and finance ministries.
