Lithium price spike after major producer curtails exports | Metals Mine

  • Lithium price spike after major producer curtails exports

    From afr.com

    Lithium prices have soared after Zimbabwe, one of the world’s top producers of the battery material, suspended exports, fanning concerns of a supply crunch as demand booms. Zimbabwe – which accounted for 10 per cent of production last year and is a key supplier to China – is halting exports of lithium concentrate to promote domestic processing and curtail illegal shipments. Lithium refineries in China have been securing supplies and their stockpiles will last until mid-to-late April, according to Mysteel, a metals data agency. However, the country’s production will be hit from May, given the average time to ... (full story)

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