Zimbabwe’s government abruptly announced a suspension of lithium concentrate exports on Wednesday to promote local processing and curb illegal shipments. The decision triggered an immediate and sharp reaction in the global lithium market, with lithium prices and shares of major lithium producers surging in response. lithium carbonate futures on the Guangzhou Futures Exchange jumped 5.4% to RMB 177,000 per tonne (approximately USD 25,900); Hong Kong-listed Tianqi Lithium rose as much as 7.3%, Australia’s Pilbara Minerals (PLS) gained 7.6%, U.S.-based Sigma Lithium soared 30% at closing, and Albemarle also climbed 10%. Zimbabwe’s Mines Minister Polite Kambamura stated that the ban took effect on Wednesday and will remain in place until further notice. Only companies holding valid mining lice
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