Trending Now
Thune calls out ‘two Americas’ as Democrats refuse...
Zimbabwe Imposes Immediate Ban on Raw Mineral and...
MIKE DAVIS: Kash Patel is restoring the FBI...
US Nuclear Growth at Risk as Enrichment Supply...
New study proposes major shift in US-Israel strategic...
Faraday Copper Signs LOI to Acquire BHP’s San...
Trump envoy rebukes Greenland leader for rejecting hospital...
Crypto Market Update: Trump’s Tariff Reset Jolts Bitcoin...
Turkey’s growing reach in Africa seen complicating US...
L.A. County sues Roblox, alleges platform makes it...
  • Home
DailyProfitTips.com
  • Editor’s Pick
  • Economy
  • Investing
  • Politics
  • World News
Investing

Zimbabwe Imposes Immediate Ban on Raw Mineral and Lithium Exports

by admin February 26, 2026
February 26, 2026

Zimbabwe has imposed an immediate ban on exports of all raw minerals and lithium concentrates, halting shipments already in transit as the government tightens control over the country’s mining sector.

Mines and Mining Development Minister Polite Kambamura announced Wednesday that the suspension takes effect immediately and will remain in place until further notice.

“Government expects cooperation of the mining industry on this measure which has been taken in the national interest,” the ministry said in a statement.

It added that authorities remain committed to “ensuring transparency, in-country value addition and beneficiation, compliance, and accountability in the exportation of Zimbabwe’s mineral resources.”

The abrupt move accelerates earlier plans to curb lithium concentrate exports. Harare had previously set January 2027 as the deadline for banning such shipments, aiming to push miners to establish local processing and refining capacity. Wednesday’s announcement effectively brings that timeline forward.

In a February 17 letter to the Chamber of Mines of Zimbabwe seen by Reuters, the ministry said it would realign export processes amid concerns about “continued malpractices during the exportation of minerals.”

The letter described the review as “part of a broader effort to curb leakages and enhance efficiency within our systems.”

Kambamura told reporters in Harare that the ban would only be lifted if miners comply with government requirements. He said Zimbabwe “will be engaging the industry in the near future on new expectations and way forward.”

Zimbabwe has rapidly emerged as a major supplier of lithium concentrate to China, where the material is refined into battery-grade products used in electric vehicles and energy storage systems.

The country exported 1.128 million metric tons of lithium-bearing spodumene concentrate by the end of 2025, up 11 percent from the previous year. It also holds Africa’s largest lithium reserves and ranks among the top global producers, with resources estimated at 126 million metric tons, according to official data.

Much of the sector’s recent growth has been driven by Chinese investment, with companies committing billions of dollars to develop Zimbabwean mines.

Lithium, along with rare earths and other strategic materials, have gained strategic priority for its role in producing batteries, electronics, renewable energy systems, and defense technologies.

Mining is Zimbabwe’s second-largest contributor to gross domestic product after manufacturing, accounting for 14.3 percent of output, according to World Bank data.

The immediate suspension, however, introduces uncertainty for producers and exporters who had been preparing for a phased transition.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
MIKE DAVIS: Kash Patel is restoring the FBI despite constant attacks
next post
Thune calls out ‘two Americas’ as Democrats refuse to stand for war heroes, law enforcement at SOTU

Related Posts

US Nuclear Growth at Risk as Enrichment Supply...

February 25, 2026

Faraday Copper Signs LOI to Acquire BHP’s San...

February 24, 2026

Crypto Market Update: Trump’s Tariff Reset Jolts Bitcoin...

February 23, 2026

Nuvau Minerals Announces Amendment to Private Placement Terms

February 21, 2026

Steadright Critical Minerals: Advancing High-grade Mineral Assets in...

February 20, 2026

Selta Project – Exploration Update

February 19, 2026

Crypto Market Update: Peter Thiel Fully Exits ETHZilla,...

February 18, 2026

Corcel Exploration Appoints New Director

February 17, 2026

Sarama Announces Change of Auditor

February 16, 2026

Editor’s Picks: Gold, Silver Prices Dip and Bounce...

February 15, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Copyright © 2026 dailyprofittips.com | All Rights Reserved

    DailyProfitTips.com
    • Editor’s Pick
    • Economy
    • Investing
    • Politics
    • World News