Xin Lang Cai Jing·2026-02-26 09:16Core Viewpoint - Zimbabwe has suspended the export of lithium concentrates and ores, affecting all in-transit minerals, to enhance accountability and promote value retention within the country [3][4]. Group 1: Export Suspension Details - The suspension includes all in-transit minerals and requires mining companies to hold valid mining rights and approved processing plants to be authorized for export [3]. - Export license applications must include recommendations from provincial mining offices detailing processing capacity and compliance status [3]. - The government aims to curb improper export practices and mineral loss, having previously announced adjustments to export processes on February 17 [3]. Group 2: Market Impact - Following the news, lithium carbonate futures surged by 12% to 187,000 CNY/ton, closing up 3.47% at 173,700 CNY/ton on February 26 [3]. - The average price of battery-grade lithium carbonate in Shanghai rose to 173,100 CNY/ton, an increase of 8,650 CNY from the previous working day [3]. - Analysts predict that the suspension will lead to a significant impact on lithium carbonate supply starting in May, potentially driving prices up due to supply disruptions and increased demand [6]. Group 3: Industry Response - Chinese companies such as Huayou Cobalt, Zhongjin Lingnan, and Shengxin Lithium Energy have established lithium production capacities in Zimbabwe, primarily exporting concentrates to China for further processing [7]. - Despite the suspension, Huayou Cobalt and Zhongjin Lingnan are developing lithium sulfate projects, which are not affected by the export ban [7]. - Companies are currently assessing the situation, with some indicating that they are in communication with local authorities regarding the export suspension [8][11].