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Recently, Zimbabwe, which holds the position of the world's fourth-largest producer of lithium ore, made an abrupt announcement that it would immediately suspend all exports of raw lithium ore and lithium concentrate. This ban encompasses goods already in transit, and no specific date has been set for its repeal. At present, China's reliance on external sources for lithium resources stands at around 60%. The cessation of Zimbabwe's supply poses a risk of shortage for approximately 9% of the raw materials used in China's lithium salt production. As a direct consequence of this development, the primary domestic futures contract for lithium carbonate experienced a significant surge over two consecutive days. During trading on February 26, it briefly soared close to RMB 190,000 per ton.
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