Friday, May 9, 2025
No Result
View All Result
News Report  Zimbabwe
  • News that Matters
    • News
    • Health and Diseases
    • Technology
    • Religion
    • Horror and Disaster
    • Elections 2023
  • Crime and Courts
  • Celebrity
  • Sports
  • Mjolo
  • Breaking News
  • News that Matters
    • News
    • Health and Diseases
    • Technology
    • Religion
    • Horror and Disaster
    • Elections 2023
  • Crime and Courts
  • Celebrity
  • Sports
  • Mjolo
  • Breaking News
No Result
View All Result
News Report  Zimbabwe
No Result
View All Result
Home News

Zimstat reveals that Zim’s annual Lithium output jumps to 169,5%

June 23, 2023
0
Zimstat reveals that Zim’s annual Lithium output jumps to 169,5%

ZIMBABWE’s 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’s most sought after commodities in recent times, Zimbabwe National Statistics Agency (Zimstat) reported Thursday.

Zimbabwe is the world’s fifth largest lithium producer whose lithium output has increased steadily in recent years, producing 1 200 metric tonnes of the battery metal in 2021. Widely regarded as the country’s ‘sanctions busting’ card, the white gold has been perceived as the country’s new oil with authorities setting a US$10-billion revenue target while promising jobs through the mineral’s value addition.

The country’s statistics agency ,Thursday reported a significant jump of the commodity’s output within a 12 months period.

“Lithium 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%,” said Zimstat.

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. 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’s value by 300% after beneficiation.

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.

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. 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.

Platinum increased by 34,6% from 103,3% in 1st quarter 2022. Diamond recorded an annual output increase of 55% with a quarter-on-quarter percentage change of 7,2% .

Source NewZimbabwe

Related Posts

Honoring King Mzilikazi: A Celebration of Culture and Legacy

Honoring King Mzilikazi: A Celebration of Culture and Legacy

by Rebecca Nyathi
May 8, 2025
0

The Mthwakazi ka Mzilikazi Cultural Association (MMCA) is set to host the annual King Mzilikazi commemorations on September 5 and...

Vladimir Putin has promised some African countries, including Zimbabwe, large free shipments of food

Mnangagwa arrives in Russia

by Talent Moyo
May 8, 2025
0

The Zimbabwean President His Excellency Dr Emmerson Dambudzo Mnangagwa has safely arrived in Moscow, Russia this afternoon for the 80th...

Cat and Mouse in Zimbabwean Politics

Mnangagwa Consolidates Power with Key Appointments

by Rebecca Nyathi
May 7, 2025
0

  President Emmerson Mnangagwa has made significant changes to the military and state security services, according to sources within the...

Mnangagwa Signs PVO Amendment Bill into Law Amid Criticism

Zanu PF a Party for All Zimbabweans, Says Mnangagwa

by Rebecca Nyathi
May 7, 2025
0

  President Emmerson Mnangagwa has reiterated that Zanu PF is a party for all Zimbabweans, emphasizing its commitment to unity...

OK Zimbabwe on Life Support: Can the Retail Giant Survive?

OK Zimbabwe on Life Support: Can the Retail Giant Survive?

by Rebecca Nyathi
May 7, 2025
0

In a shocking turn of events, OK Zimbabwe country's largest retail chain, is on the brink of collapse due to...

Tragic Bus Accident in Gweru Claims Six Lives

Tragic Bus Accident in Gweru Claims Six Lives

by Rebecca Nyathi
May 7, 2025
0

A devastating bus accident occurred at the Fairmile Motel traffic circle in Gweru this morning, resulting in the deaths of...

Please login to join discussion

Trending News Today

  • Dead Body Goes Missing : Nurse Arrested

    Dead Body Goes Missing : Nurse Arrested

    152 shares
    Share 61 Tweet 38
  • The London Affair: A Summit of Controversy

    89 shares
    Share 36 Tweet 22
  • The Buzz on Scams: Zimbabweans Warned About Fake Bee Prophets

    81 shares
    Share 32 Tweet 20
  • Zimbabwean in Scotland Murders Wife While Neighbors Watch

    83 shares
    Share 33 Tweet 21
  • The Great Kombi Caper: A Tale of Panic and Prison

    68 shares
    Share 27 Tweet 17
  • The Mysterious Bus of Chitungwiza: A Tale of Ghosts, Batteries, and Witchcraft

    60 shares
    Share 24 Tweet 15
  • Love, Debt, and Drama: A Marriage in Shambles

    59 shares
    Share 24 Tweet 15
  • Mnangagwa arrives in Russia

    56 shares
    Share 22 Tweet 14
  • “Still My Husband” Drama: Man Seeks Protection Order Against Ex-Wife

    68 shares
    Share 27 Tweet 17
  • Estranged Husband Allegedly Kills Wife Over Property

    54 shares
    Share 22 Tweet 14

Popular This Week

  • Tragic Bus Accident in Gweru Claims Six Lives

    Tragic Bus Accident in Gweru Claims Six Lives

    246 shares
    Share 98 Tweet 62
  • Pastor’s Double Life Exposed: Drama Unfolds at Secret Wedding

    207 shares
    Share 83 Tweet 52
  • Dead Body Goes Missing : Nurse Arrested

    152 shares
    Share 61 Tweet 38
  • Wicknell Chivayo’s Lavish Gift to ZAOGA Family

    129 shares
    Share 52 Tweet 32
  • Minister Mavetera’s Masterclass in Humility (or Politics?)

    114 shares
    Share 46 Tweet 29
  • Ndebele King Fires Back: ‘Garwe’s Letter Insulting and Divisive’

    113 shares
    Share 45 Tweet 28
  • Behind Bars, a Rare Celebration

    111 shares
    Share 44 Tweet 28
  • Businessman Wicknell Chivayo Gifts Jah Prayzah Luxury Vehicle and US$150,000

    100 shares
    Share 40 Tweet 25
  • ZESA’s Payment Fiasco: Workers Left High and Dry

    98 shares
    Share 39 Tweet 25
  • OK Zimbabwe on Life Support: Can the Retail Giant Survive?

    93 shares
    Share 37 Tweet 23

Popular This Month

  • Kidnapped Zimbabwean Women and Children Safely Rescued

    Kidnapped Zimbabwean Women and Children Safely Rescued

    703 shares
    Share 281 Tweet 176
  • Gokwe’s Independence Day Fiasco

    688 shares
    Share 275 Tweet 172
  • The Itchy Billionaire: A Tale of Shame and Ridicule

    598 shares
    Share 239 Tweet 150
  • Opposition’s Dirty Laundry: Nyandoro’s Shocking Admission

    536 shares
    Share 214 Tweet 134
  • Zimbabwe’s Leader Loses Grip on Reality?

    441 shares
    Share 176 Tweet 110
  • Jailed HStv journalist Mhlanga takes freedom bid to Con Court

    365 shares
    Share 146 Tweet 91
  • Tshabangu is CCC Secretary general, Court rules

    328 shares
    Share 131 Tweet 82
  • Chamisa blocks Chin’ono on X

    315 shares
    Share 126 Tweet 79
  • Mysterious Deaths Rock Zimbabwe’s Military-Security Apparatus

    282 shares
    Share 113 Tweet 71
  • Luxury Gift Takes a Tumble: Bishop Mutendi’s Range Rover in Accident

    278 shares
    Share 111 Tweet 70

Most Read Stories

  • “Zimbabwe Is Discrediting SADC”

    ZANU PF Accused Of Bribing SADC Elders To Retain From Losing Power

    5231 shares
    Share 2092 Tweet 1308
  • Madzibaba gets Toyota Aqua after explaining new currency ZiG to church

    4528 shares
    Share 1811 Tweet 1132
  • Breaking News: Zimbabwe launches New Currency (Zig)

    4272 shares
    Share 1709 Tweet 1068
  • Guide : How to access 2023 Zimsec Ordinary O Level results online

    3969 shares
    Share 1588 Tweet 992
  • Uganda Police Officer Shoots Wife Dead After Mocking Him Over Man-U Loss

    3884 shares
    Share 1554 Tweet 971
  • Floods hit Gweru

    3584 shares
    Share 1434 Tweet 896
  • Mashura pa Gokwe musi wa 12.02.24

    3540 shares
    Share 1416 Tweet 885
  • Secret message for ED after his inauguration

    3475 shares
    Share 1390 Tweet 869
  • Heatwave Warning:Expect Extremely hot temp ranging from 36° to 41° until 12 March

    3389 shares
    Share 1356 Tweet 847
  • Here is the reckless Kombi Driver!!!!!!!!!!! See pics here

    3212 shares
    Share 1285 Tweet 803

  • About Us
  • Contact Us
  • FAQ
  • Privacy Policy
  • Terms of Service
  • Home

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News that Matters
    • News
    • Health and Diseases
    • Technology
    • Religion
    • Horror and Disaster
    • Elections 2023
  • Crime and Courts
  • Celebrity
  • Sports
  • Mjolo
  • Breaking News