From mint · · 1m
Zimbabwe Lithium Earnings Surge
Zimbabwe's lithium export earnings jump 283% on spodumene price rise.
In brief
Zimbabwe's lithium export earnings jump 283% on spodumene price rise. Zimbabwe's lithium export earnings reached $2.16 billion in nine months as spodumene prices surged 283%. Originally reported by mint.
Lithium Export Earnings
Zimbabwe recorded lithium export sales worth $2.16 billion during the nine months to September 30, nearly four times the total sales for last year.
Spodumene Price Surge
Spodumene concentrate sales accounted for $1.8 billion of total lithium export income, up 283% from last year.
Lithium Sulphate Sales
Zimbabwe also registered $190 million in sales of lithium sulphate, a processed chemical used in battery production.
Zhejiang Huayou Cobalt
China's Zhejiang Huayou Cobalt began exporting lithium sulphate from its Zimbabwe mine after building Africa's first lithium salt plant for $400 million.
Lithium Exceeds Gold
Lithium products have overtaken platinum group metals as Zimbabwe's biggest mineral exports after gold.
Total Mineral Sales
Total mineral sales, excluding gold, doubled to $4.74 billion compared to the same period last year.
The one thing
Zimbabwe's lithium export earnings reached $2.16 billion in nine months as spodumene prices surged 283%.
