Zimbabwe orders lithium miners to submit downstream plans
The Zimbabwean government has told lithium miners that they must submit plans for local production of battery grade lithium by March 2024 or they could lose the ability to export lithium concentrate. Last year Zimbabwe banned the export of DSO and imposed a 5% export tax on lithium concentrate. That tax generated revenue of US$209m from lithium exports in 9M/23, nearly three times the amount that it earned in the same period last year. Chinese firms, including Zhejiang Huayou Cobalt (SHA:603799), Sinomine Resources (SHE:002738), Chengxin Lithium (SHE:002240), Yahua Group (SHE:002497) and Canmax Technologies (SHE:300390), have spent more than US$1bn over...