Ge Long Hui·2026-02-27 03:05Core Viewpoint - Zimbabwe's mining department has announced a real-time suspension of all raw mineral and lithium concentrate exports to enhance oversight and accountability in the mining sector, allowing only companies with valid mining rights and approved processing plants to export, while banning agents and third-party traders from exporting [1] Group 1: Industry Impact - Zimbabwe is projected to account for approximately 11% of global lithium supply by 2025, and the new measures may lead to short-term fluctuations in lithium prices [1] - The expectation is that lithium prices will experience short-term volatility due to these new regulations [1] Group 2: Company Analysis - The firm believes that miners can negotiate with the government to regain export licenses, which should alleviate supply constraints [1] - The company, Ningde Times, is expected to pass most upstream cost pressures onto customers, particularly energy storage companies [1] - Given the robust growth prospects in the energy storage battery business and new battery technologies that help maintain healthy profit margins and expand market share, the firm maintains a strong overseas shipment growth outlook for Ningde Times [1] - The firm reiterates a "buy" rating for Ningde Times with a target price of HKD 615 [1]