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Zimbabwe earned $782 million from lithium exports in the first six months of 2026, up from $237 million a year earlier, Finance Minister Mthuli Ncube said in his mid-year budget review.
Premier African Minerals has postponed restarting its Zulu lithium plant in Zimbabwe until it agrees a long stop date extension with offtake partner Canmax, and raised about £550,000 to fund operations.
Zimbabwe's Lithium Producers' Association has asked the government to push the concentrate export ban back to June 2027, saying most processing plants will not be ready by January.
Zhejiang Huayou Cobalt has exported the first consignment of lithium sulphate produced in Africa from its Arcadia operation in Zimbabwe, a milestone for the country's beneficiation drive.
Sichuan Yahua says it has secured a six-month quota to export lithium concentrate from Zimbabwe, after the government granted allocations to Chengxin Lithium and Sinomine following a two-month export freeze.
Fitch Solutions' BMI says Zimbabwe's sudden halt to lithium concentrate exports will tighten the market until at least mid-to-late 2027, and has raised its 2026 lithium price forecasts in response.
Sichuan Yahua Industrial Group has started building a lithium sulphate plant at Kamativi, its joint venture with the Zimbabwean state, days after Harare halted concentrate shipments with immediate effect.