Zimbabwe's Lithium Export Ban Stays After a Month, Affecting Chinese Firms
NextFin News -- Zimbabwe's export ban on lithium has lasted nearly a month, affecting the market and Chinese companies.
The main contract for lithium carbonate surged by 7.10% during trading on Tuesday to 154,400 yuan per ton. With the lifting of the ban not in sight, the duration of the ban may exceed earlier market expectations. Market analysts had anticipated in late February that the impact of Zimbabwe's export policy adjustments would persist for about a month.
According to Chinese enterprises engaged in lithium resource development in Zimbabwe, operations at their local mines and lithium salt companies are continuing as usual. However, the export of lithium concentrates remains suspended. As for when exports can resume, all stakeholders are still communicating. The companies currently hold inventory. It is worth noting that even if Zimbabwe's lithium exports are subsequently lifted, transporting lithium concentrates back to China is expected to take nearly two months.
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