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Zimbabwe’s Lithium Boom Defies Global Price Slump, Eyes Battery Hub Status

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Zimbabwe’s Lithium Boom Defies Global Price Slump, Eyes Battery Hub Status

Zimbabwe has defied a global lithium price crash, reporting a 30% surge in spodumene concentrate exports in the first half of 2025.

According to the Minerals Marketing Corporation of Zimbabwe (MMCZ), the country exported 586,197 metric tons of spodumene, a sharp increase from 451,824 tons in the same period of 2024.

This growth comes despite a 90% plunge in global lithium prices—from over US$80,000 per ton in 2022 to just US$8,450 in June 2025—driven by a glut in supply.

Yet, Zimbabwe’s strategic positioning and forward-looking policies have insulated it from market volatility, offering a compelling narrative of resilience and ambition.

Chinese Investment Fuels Zimbabwe’s Lithium Expansion

Key to this growth is massive Chinese investment, totalling over US$1.4 billion since 2021, making Zimbabwe a focal point in the global electric vehicle (EV) supply chain. Major Chinese mining companies—including Huayou Cobalt, Sinomine, Chengxin, Yahua, and Tsingshan—have expanded their operations, bolstering Zimbabwe’s position as a top lithium exporter in Africa.

  • Huayou Cobalt exported 400,000 tons of lithium concentrate from Zimbabwe in 2024 and is now constructing a 50,000 tpa lithium sulphate plant.
  • Sinomine Resources Group plans a US$500 million beneficiation plant at Bikita, a move expected to boost local value addition.

Zimbabwe’s Lithium Beneficiation Push: A Game-Changer

Zimbabwe’s ban on raw lithium exports by 2027 is a cornerstone of its beneficiation strategy, designed to move the country up the battery value chain. By encouraging local processing of lithium into battery-grade materials, Zimbabwe aims to:

  • Retain more economic value domestically
  • Support the local job market
  • Strengthen its role in the global EV manufacturing ecosystem

Learn more about the beneficiation process in mineral economics

Resilience Amid Lithium Price Crash

The contrast between global lithium price trends and Zimbabwe’s rising export volumes underscores the country’s strategic foresight. While lithium miners in other regions scale down operations, Zimbabwe’s policy consistency and investor partnerships provide a cushion against market fluctuations.

“This is not just a commodities story—it’s about long-term industrial strategy,” said an MMCZ spokesperson.

“Zimbabwe is positioning itself as a battery minerals hub, not just a supplier of raw ores.”

Challenges Ahead: Infrastructure and Energy Security

Despite the success, challenges remain. Zimbabwe must address:

  • Power reliability for processing plants
  • Transport infrastructure for heavy mineral logistics
  • Regulatory clarity to maintain investor confidence

Still, the trajectory is promising. As global demand for EVs continues to rise, Zimbabwe’s policies align with the need for diversified, stable sources of battery minerals.

Stay updated on electric vehicle adoption and mineral demand trends

Africa’s Lithium Powerhouse Looks to the Future

Zimbabwe’s lithium boom is more than a resource story—it is a strategic pivot toward sustainable industrialisation. With beneficiation plants under construction and exports rising despite global headwinds, Zimbabwe is on track to become a continental leader in battery-grade lithium production.

As the world races toward net-zero emissions and clean energy technologies, Zimbabwe may well emerge as a critical node in the EV supply chain, redefining its role in the global economy.

Explore how Zimbabwe is building a green future from its mineral wealth.

 

 

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Zimbabwe Steers WHO Financial Future

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Itai Mazire

Zimbabwe’s top health diplomat, Dr. Aspect Maunganidze, closed back‑to‑back sessions of the World Health Organization’s powerful Programme Budget and Administration Committee (PBAC) with a resounding declaration of consensus, clearing the way for sweeping reforms to global health governance and UN financing.

After four days of intense scrutiny from 12 to 15 May, the 43rd and 44th PBAC meetings, chaired by Dr. Maunganidze in his capacity as Secretary for Health and Child Care, delivered a package of binding recommendations to the 79th World Health Assembly, which opens on 18 May.

In his closing remarks, a Dr. Maunganidze told delegates, “We managed to provide clear recommendations to the 79th World Health Assembly and the 159th Executive board meeting including on matters related to the Financing and Implementation of the Programme Budget, Human Resources, audit, compliance and evaluation matters.”

The committee, which acts as the Executive Board’s fiscal watchdog, also hammered out agreement on highly sensitive political files.

“That they reached consensus on key issues for the consideration of the Health Assembly, including, the draft amended decision on the reform of the global health architecture and the UN80 initiative,” said Dr Maunganidze.

In a final stroke, the PBAC chair announced that the committee had united behind a landmark governance overhaul.

“Further, we agreed to recommend that the EB159 adopt the draft decision on future modalities of the governance reform pilot.”

The twin sessions, held just days before the World Health Assembly’s 18 May kick‑off, saw Dr. Maunganidze preside over granular debates on WHO’s programme budget, human resources, audit trails, compliance and evaluation.

The outcome now goes to the 159th Executive Board for adoption, before landing on the floor of the Health Assembly for final ratification.

Diplomats in Geneva described the meetings as “unusually efficient”, with the Zimbabwean chair credited for holding the line on transparency while forging unanimity on the UN80 financing roadmap and the new governance pilot.

Dr. Maunganidze is expected to remain in Geneva to present the PBAC’s report directly to WHO’s Executive Board ahead of the Assembly’s opening plenary.

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Zimbabwe Launches Locally Assembled Laptops

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Zimbabwe has taken a major step toward industrialisation and digital transformation with the launch of the locally assembled Avantis Parote 1030i laptop.

The initiative supports the country’s Heritage-Based Education 5.0 programme and Vision 2030 goals aimed at promoting innovation and local production.

The project is a partnership between and , an associate company of . The laptops are being assembled at the Microsoft-certified ZITCO facility located in Msasa, Harare.

Government officials said the move will help reduce dependence on imported computer hardware while creating employment opportunities in the country’s ICT sector.

The locally assembled laptops are expected to benefit students, government departments, and small-to-medium enterprises.

The Avantis product range includes several Intel-powered notebooks under the P-series brand, with prices generally ranging between US$350 and US$550 depending on specifications.

The company also revealed plans to export a large percentage of the locally assembled devices to regional markets, positioning Zimbabwe as a growing technology hub in Southern Africa.

Speaking at the launch, ICT Minister Mavetera said the initiative supports Zimbabwe’s drive toward digital sovereignty and will strengthen digital learning programmes in schools.

“Assembling laptops locally allows the country to develop products suited to local conditions and maintenance needs,” she said.

The launch comes after other local industrial projects, including the manufacturing of medical oxygen and electricity transformers, as Zimbabwe continues efforts to boost domestic production and technological innovation.

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International Envoys Reaffirm Support for Zimbabwe’s Development Agenda

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International Envoys Reaffirm Support for Zimbabwe's Development Agenda

Harare, Zimbabwe – Envoys from Italy, Japan, and Egypt have reiterated their commitment to supporting Zimbabwe’s national development agenda, which aims to achieve an upper-middle-income society by 2030.

These affirmations were made during separate courtesy calls paid by the respective Ambassadors to Vice President Dr. Kembo Mohadi at his offices in Harare.

Italian Ambassador to Zimbabwe, Mr. Giuseppe Giacalone, underscored his country’s dedication to strengthening bilateral trade relations with Zimbabwe. Following his meeting with Vice President Mohadi, Ambassador Giacalone stated that discussions focused on enhancing cooperation across various sectors, including investment, infrastructure development, trade, and cultural exchanges.

Ambassador Giacalone also provided an update on Zimbabwe’s participation in the ongoing Venice Biennale Arts Festival, where five local artists are showcasing their work. Furthermore, he highlighted discussions regarding Zimbabwe’s preparations to host the 58th CIMAM Annual Conference, scheduled for November at the National Gallery of Zimbabwe.

“The discussion with Vice President Mohadi was indeed engaging and productive,” Ambassador Giacalone remarked. “We reflected on the historical friendship and close ties between Italy and Zimbabwe, acknowledging the strong existing relations and the imperative to further fortify them. Our commercial ties are robust and dynamic, yet there is significant potential for growth. My primary objective will be to enhance the bilateral trade relationship between our two nations.”

He further noted that current Italian investments in dam construction, particularly the Tokwe-Mukosi project under the We Build Group, were also part of the comprehensive discussions.

Egyptian Ambassador to Zimbabwe, Dr. Maha Serag Eldin Kamel, also paid a courtesy call on Vice President Mohadi. Ambassador Kamel emphasized that the forthcoming African Union Mid-Year Summit would present a crucial opportunity for Zimbabwe to expand its investment portfolio, as the event is designed to convene African nations to deliberate on business and economic matters. The summit is slated for next month.

Dr. Kamel conveyed Egypt’s renewed commitment to supporting Zimbabwe in its developmental endeavors. Discussions between the Ambassador and the Vice President encompassed cooperation in the health, construction, political, and economic sectors. She highlighted that the bilateral relations between Zimbabwe and Egypt have deep historical roots, tracing back to Egypt’s support for Zimbabwe’s liberation struggle. The two countries continue to enjoy excellent relations, and the meeting served as a platform to explore additional avenues for cooperation.

Ambassador Kamel announced that Egypt would host the African Union Mid-Year Summit in June, in the coastal city of El Alamein on the Mediterranean Sea. This summit will coincide with the inaugural El Alamein Africa Forum, a business-focused event expected to attract participation from African countries and private sector stakeholders across the continent.

Japanese Ambassador to Zimbabwe, Mr. Nobutaka Maekawa, similarly paid a courtesy call on Vice President Mohadi. Ambassador Maekawa reaffirmed Japan’s ongoing cooperation with Zimbabwe in critical sectors such as agriculture, health, tourism, and mining.

He reported that both nations had agreed to further solidify their relations through the promotion of business cooperation in these key areas. “This was a very constructive discussion,” Mr. Maekawa stated, “Our dialogue centered on the extensive and consistent cooperation we have fostered over the years, as well as exploring further possibilities for collaboration in diverse sectors including agriculture, healthcare, tourism, and mining.”

“Crucially, we concurred on the intensified promotion of business-driven cooperation in major sectors,” he added. “Japan is keen to tangibly and cooperatively strengthen this partnership, optimally combining it with the conventional development assistance that the Japanese government has historically provided.”

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