Sinomine Resource Group, a Chinese mining and resource development firm, is seeking to restart operations in Zimbabwe, the continent’s top lithium producer.
The company recently revealed that it is negotiating with Zimbabwe to once again access the country’s extensive lithium reserves.
Sinomine stated that it aims to resume lithium exports from Zimbabwe, just weeks after the nation imposed a halt on the export of lithium concentrates.
“The company is in communication with Zimbabwean authorities over a new export application,” Sinomine said in a response to investors via a platform linked to the Stock Exchange”], as reported by Reuters.
Zimbabwe’s lithium export ban
In late February, Zimbabwe swiftly suspended the export of lithium concentrates and any raw or unprocessed minerals, citing allegations of government malpractice and revenue leakages.
The Mines Ministry explained that the government remains committed to “in-country value addition and beneficiation, compliance, and accountability in the exportation of Zimbabwe’s mineral resources.” The ministry added that export procedures will be realigned due to “continued malpractices during the exportation of minerals.”
“This review is part of a broader effort to curb leakages and enhance efficiency within our systems,” the ministry noted.
The market reacted immediately, with lithium prices surging on futures exchanges amid anticipated supply shortages. Some analysts warned that short-term deficits could ripple through global battery supply chains.
Although the suspension seemed sudden, Zimbabwe had already planned in 2025 to ban the export of lithium concentrates starting January 2027.
Following the ban, Chinese battery manufacturers reported experiencing the immediate impact of Zimbabwe’s decision.
Market data show that Zimbabwe previously supplied nearly 19% of China’s imported lithium concentrate, making the country one of Beijing’s key upstream partners. More detailed customs figures indicate that Zimbabwe accounted for 10% to 15% of China’s monthly lithium concentrate imports, depending on trade flows and reporting periods.