Lithium price jumps after Zimbabwe export ban jolts China futures and mining stocks
Shanghai, Feb 27, 2026, 03:25 CST — The market has closed. China’s lithium prices spiked Thursday, reacting to Zimbabwe’s move to halt exports of both raw minerals and lithium concentrates. That’s amplified supply concerns for a market already stirred up by strong energy-storage demand. Lithium carbonate futures in Guangzhou—this contract is the exchange’s most active—jumped 6.07% to 178,020 yuan a metric ton as of 0330 GMT, after hitting 187,700 yuan earlier.