{"id":79488,"date":"2023-06-23T21:16:32","date_gmt":"2023-06-23T19:16:32","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zims-annual-lithium-output-jumps-to-1695"},"modified":"2023-06-24T00:55:32","modified_gmt":"2023-06-23T22:55:32","slug":"zims-annual-lithium-output-jumps-to-1695","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zims-annual-lithium-output-jumps-to-1695","title":{"rendered":"Zim\u2019s annual Lithium output\u00a0jumps to 169,5%"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>ZIMBABWE\u2019s output of Lithium, registered a 169,5% increase in the first quarter of 2023, signifying a huge step taken so far in exploiting one of the world\u2019s most sought after commodities in recent times, Zimbabwe National Statistics Agency (Zimstat) reported Thursday.<\/p>\n

Zimbabwe is the world\u2019s fifth largest lithium producer whose lithium output has increased steadily in recent years, producing 1 200 metric tonnes of the battery metal in 2021.<\/p>\n

Widely regarded as the country\u2019s \u2018sanctions busting\u2019 card, the white gold has been perceived as the country\u2019s new oil with authorities setting a US$10-billion revenue target while promising jobs through the mineral\u2019s value addition.<\/p>\n

The country\u2019s statistics agency ,Thursday reported a significant jump of the commodity\u2019s output within a 12 months period.<\/p>\n

\u201cLithium production index for the first quarter of 2023 was 184,2% depicting a year-on year increase of 169,5% from 68,4% recorded in the first quarter of 2022. The increase also resulted in a quarter-on-quarter percentage increase in output of 22,2%,\u201d said Zimstat.<\/p>\n

With untapped resources, a national agenda to develop the entire lithium value chain and new investment flowing inwards due to growing global demand, the country is well on its way to become a global lithium hub.<\/p>\n

Recently the government through the Ministry of Mines and Mining Development banned the export of any mineral ore containing lithium on the back of plans to maximize the commodity\u2019s value by 300% after beneficiation.<\/p>\n

The statistics organ also revealed that during the first quarter period, the Index of Mineral Production was 138,9% , reflecting a year-on-year percentage increase of 16,8% when compared to 118,9% recorded in 1st quarter 2022.<\/p>\n

The quarter-on-quarter comparison however shows a 6,98% decrease in the index from 149,3% recorded in the fourth quarter of 2022 to 138,9% in the first quarter of 2023.<\/p>\n

The output index for gold showed a decrease from 117,2% recorded in the first quarter of 2022 to 110,7 % in the first quarter of 2023.<\/p>\n

Platinum increased by 34,6% from 103,3% in 1st quarter 2022.<\/p>\n

Diamond recorded an annual output increase of 55% with a quarter-on-quarter percentage change of 7,2% .<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. ZIMBABWE\u2019s output of Lithium, registered a 169,5% increase in the first quarter of 2023, signifying a huge step taken so far in exploiting one of the world\u2019s most sought after commodities in recent times, Zimbabwe National Statistics Agency (Zimstat) reported Thursday. Zimbabwe is the world\u2019s fifth largest lithium producer whose lithium output […]<\/p>\n","protected":false},"author":84,"featured_media":79487,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1493,2189,19],"class_list":["post-79488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-zimbabwe-2","tag-zimbabwe"],"yoast_head":"\nZim\u2019s annual Lithium output\u00a0jumps to 169,5% - zimbabwe<\/title>\n<meta name=\"description\" content=\"ZIMBABWE\u2019s output of Lithium, registered a 169,5% increase in the first quarter of 2023, signifying a huge step taken so ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zims-annual-lithium-output-jumps-to-1695\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zim\u2019s annual Lithium output\u00a0jumps to 169,5%\" \/>\n<meta property=\"og:description\" content=\"ZIMBABWE\u2019s output of Lithium, registered a 169,5% increase in the first quarter of 2023, signifying a huge step taken so ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zims-annual-lithium-output-jumps-to-1695\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-23T19:16:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-23T22:55:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1687544547.141989.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"799\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zims-annual-lithium-output-jumps-to-1695#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zims-annual-lithium-output-jumps-to-1695\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Zim\u2019s annual Lithium output\u00a0jumps to 169,5%\",\"datePublished\":\"2023-06-23T19:16:32+00:00\",\"dateModified\":\"2023-06-23T22:55:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zims-annual-lithium-output-jumps-to-1695\"},\"wordCount\":343,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zims-annual-lithium-output-jumps-to-1695#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/06\/sm_1687544547.141989.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zimbabwe\",\"Zimbabwe\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zims-annual-lithium-output-jumps-to-1695#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zims-annual-lithium-output-jumps-to-1695\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zims-annual-lithium-output-jumps-to-1695\",\"name\":\"Zim\u2019s annual Lithium output\u00a0jumps to 169,5% - 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