Steel News

We strive to let you one step ahead of the market.

Zimbabwe halts raw mineral and lithium exports immediately

12 Mar 2026 11:44 reported by Joy Liu

A A A
Zimbabwean authorities announced an immediate suspension of all raw mineral and lithium concentrate exports, including shipments already moving. This sudden directive replaces the previous January 2027 deadline, forcing miners to prioritize domestic processing and refining.

Polite Kambamura, the Minister in the Ministry of Mines and Mining Development, said that the measure protects national interests and addresses export malpractices. The ban aims to increase in-country value while ensuring transparency within the mining sector, which contributes 14.3% to the nation's GDP.

As a top global producer with 126 million tons of reserves, Zimbabwe recently received heavy Chinese investment. While lithium-bearing spodumene concentrate exports rose by 11% in 2025, the new policy creates sudden uncertainty for producers accustomed to a gradual transition.

Back to Steel News

Related News

Ukrainian iron ore exports drop by over 30% in first four months

  • Raw Materials
  • 20 May 2026 16:08

Anglo American divests Australian steelmaking coal portfolio to Dhilmar

  • Raw Materials
  • 19 May 2026 16:54

Goldman Sachs raises 2026 average nickel price forecast

  • Raw Materials
  • 15 May 2026 16:20

Iron ore rebounds above $113 as costs surge

  • Raw Materials
  • 14 May 2026 15:22

LME nickel prices rebound above $19,000

  • Raw Materials
  • 12 May 2026 16:15

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 3,515.00
  • 3,527.00
  • Aluminum
  • 3,664.00
  • 3,611.00
  • Copper
  • 13,409.00
  • 13,480.00
  • Nickel
  • 18,790.00
  • 18,990.00

Learn more