Zimbabwe: Zimbabwe's Lithium Export Ban Winning Global Support - Finance Minister Says
Zimbabwe's finance minister, Mthuli Ncube, has stated that the country's policy of banning raw lithium exports has received global support. The policy aims to promote local value addition and has been well-received by investors and policymakers at the World Economic Forum Annual Meeting in China. Zimbabwe has emerged as a leader in the management of critical minerals, particularly lithium, and is encouraging companies to establish local processing facilities.
- ▪Zimbabwe has banned the export of raw lithium to promote local value addition
- ▪The policy has received global support from investors and policymakers
- ▪Zimbabwe is encouraging companies to establish local processing facilities with investment incentives
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FINANCE Minister Mthuli Ncube says Zimbabwe's policy of banning the export of raw lithium while incentivising local value addition has been well received by global investors and policymakers attending the World Economic Forum Annual Meeting in China. SouthAfrica newsSpeaking on the sidelines of the forum in Dalian, Ncube said discussions had focused on emerging technologies such as artificial intelligence, green technology and advanced manufacturing, with countries encouraged to collaborate rather than compete. "We have discussions around new technologies such as artificial intelligence and green technology and advanced manufacturing with new technologies that we all should aim to share.
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