Lithium Prices Surge as Zimbabwe Suspends Concentrate Exports

Global lithium prices have jumped sharply after Zimbabwe, one of the world's top producers, announced a suspension of concentrate exports.

The export ban has sparked concerns that global supplies of the critical battery ingredient will tighten, driving up prices in international markets.

Zimbabwe holds significant lithium reserves and has become an important supplier for the electric vehicle and energy storage industries.

The suspension is expected to impact battery manufacturers and EV producers who rely on Zimbabwean lithium feedstock, potentially affecting production costs in the clean energy sector.