Post #588

The Chinese Start Announcing New Factories in Zimbabwe 🌐 Construction has begun on a new lithium sulphate plant in Zimbabwe, led by Sichuan Yahua Industrial Group, a Chinese lithium chemicals company. 🔸 Harare just suspended exports of all raw minerals and lithium concentrates with immediate effect, including shipments in transit, citing “malpractices” and leakages. 🔸As we have already written, this step is aimed at putting pressure on mining companies to start announcing the construction of factories before the enactment of the original lithium concentrates exports ban, expected in 2027. 🔸Yahua itself said its understanding is that the measures mainly target illegal exports and expects to receive permission within two weeks to resume shipments. Naturally, the company expects the resumption of exports now — and how long will it take to complete the recently announced factory, doesn't really matter. Maybe never. ✈️ Stay informed - @devilsbelow