Zimbabwe has announced an immediate ban on the export of raw minerals and lithium concentrate. The decision was confirmed by Mines Minister Polite Kambamura, who said the measure is in the national interest.
The ban applies right away and even covers minerals that are already being transported. It will stay in place until further notice.
Lithium and other rare minerals are very important worldwide because they are used in smartphones, electric car batteries, green energy systems, and military equipment. As demand grows, many countries are trying to secure control over these valuable resources.
Zimbabwe has the largest lithium reserves in Africa and currently sends much of its lithium to China for processing into battery materials. The government had originally planned to stop lithium concentrate exports in 2027, but it has now acted earlier than expected
Officials say the goal is to encourage companies to process and refine minerals inside Zimbabwe instead of exporting them in raw form. This would help the country earn more money, create jobs, and increase transparency and accountability in the mining sector.
Mining is a major part of Zimbabwe’s economy, contributing more than 14 percent of the country’s total output. By keeping more of the value chain at home, the government hopes to strengthen its economic position.
SOURCE :TRT AFRICA
