Beijing Warns Firms on Zimbabwe Mineral Ban

The Chinese Embassy in Zimbabwe warned its nationals and companies to strengthen compliance following government policy shifts. This includes a ban on raw minerals and lithium concentrates exports.Zimbabwe suspended raw mineral exports on February 25, citing alleged malpractices and leakages. The ban puts Chinese firms, including Zhejiang Huayou Cobalt, under pressure.Zimbabwe's decision aims to accelerate local value addition and reclaim resources. The policy change reshapes the country's mining sector and aims to drive industrialization. The embassy urged investors to heighten risk awareness and ensure full compliance with Zimbabwean laws.