Saham tambang lithium melonjak, Zhongkuang Resources menanggapi kuota ekspor konsentrat lithium Zimbabwe

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Reporter丨Li Yiwen

Editor丨Li Yanna

2 April, lithium mineral concept stocks surged unexpectedly, around 10:30, Sichuan Energy Power directly hit the daily limit, Tibet Urban Investment, Jiangte Electric Motor, Rongjie Shares, Jinyuan Shares (rights protection), Shengxin Lithium Energy followed the rise. Zhongkuang Resources reported 74.9 yuan per share, a slight increase of 0.4% within the day, with a total market value reaching 53.9 billion yuan. On the news front, the main contract for lithium carbonate showed a wave of upward movement during trading, once rising over 2%, now the increase has narrowed to about 1.5%, at 161,580 yuan/ton.

　　Image source: 21 Finance Client

21 Express reporter noted that there are rumors in the market that Zhongkuang Resources has obtained export quotas for lithium concentrate from Zimbabwe. In response, Zhongkuang Resources replied on the interaction platform that the company is highly concerned about Zimbabwe-related policies and is maintaining regular communication with local authorities.

The starting point of this turmoil stems from a major policy shift by the Zimbabwe government. On February 25, Zimbabwe’s Ministry of Mines announced that, for national interest considerations, all exports of lithium ore and lithium concentrate are suspended effective immediately, with no transition period, and in-transit goods are also included in control, causing a huge shock to the global market.

　　Polite Kambamura, Minister of Mines of Zimbabwe, said in a statement that the Ministry will soon communicate with industry practitioners to negotiate the new policy requirements and future development directions. Kambamura stated that the Zimbabwe government is committed to ensuring transparency in mineral resource exports, promoting value-added processing of ores domestically, and regulating industry management and accountability mechanisms.

　　As the world's fourth-largest lithium producer, Zimbabwe's spodumene concentrate exports reached 1.128 million tons in 2025, maintaining the top position in Africa. According to data from the China Nonferrous Metals Industry Association Lithium Branch, Zimbabwe is China's second-largest lithium concentrate supplier, accounting for about 14%–18% of China's overseas lithium concentrate imports.

　　Public information shows that Zhongkuang Resources, established in 1999, owns the Bikita mine in Zimbabwe. Since its acquisition in 2022, it has completed three resource expansions, with lithium mineral reserves increasing from 29.414 million tons of ore to 113 million tons, and lithium carbonate equivalent (LCE) reaching 2.8847 million tons. Its investment in the 2 million tons/year spodumene project and the 2 million tons/year lepidolite expansion project was completed and put into production in 2023.

　　Data indicates that in the third quarter of 2025, Zimbabwe's Bikita mine produced 81,000 tons of spodumene concentrate, while in the first three quarters of 2025, Zhongkuang Resources produced a total of 256,000 tons of spodumene concentrate.

　　Previously, a relevant person in charge of Zhongkuang Resources stated: “All Chinese exports of lithium concentrate from Zimbabwe have been halted, waiting for subsequent policy details. Currently, Chinese companies have little to no deep processing products locally, and the volume is very small. The company is considering related industry chain extension plans.”

　　According to Haizheng Futures, Zhongkuang Resources previously stated that the export ban in Zimbabwe has limited impact on its Bikita lithium mine. It is known that Zhongkuang Resources owns 100% of the Bikita lithium mine, with legal mining rights and supporting beneficiation plants, complying with Zimbabwe's export regulations, and planning local deep processing projects aligned with local industrial policies.

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