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Zimbabwean President Mnangagwa Commends Chinese Investment in Lithium Processing for Economic Growth

Zimbabwean President Mnangagwa Commends Chinese Investment in Lithium Processing for Economic Growth

Zimbabwean President Emmerson Mnangagwa has praised Chinese investment in the country's lithium processing sector, highlighting its significance in enhancing the value of Zimbabwe's mineral resources. During the Mining, Engineering and Transport Expo in Bulawayo, Vice President Constantino Chiwenga delivered a speech on behalf of Mnangagwa, commending Zhejiang Huayou Cobalt for establishing Zimbabwe's first lithium sulphate plant in Goromonzi, Mashonaland East Province. This development marks a significant milestone in Zimbabwe's efforts to transition from exporting raw minerals to adding value through local processing. Mnangagwa also acknowledged other Chinese companies, such as Sinomine's subsidiary Bikita Minerals, for their contributions to the lithium beneficiation process. The establishment of these plants positions Zimbabwe as the only African nation with multiple lithium-processing operations, a move expected to benefit not only mining company shareholders but also local communities along the value...
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Premier African Minerals Secures £550,000 for Zimbabwe Project

Premier African Minerals Secures £550,000 for Zimbabwe Project

Premier African Minerals Secures £550,000 for Zimbabwe Project
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Afreximbank Launches National Trade Platforms in Zimbabwe and Malawi to Boost African Trade

Afreximbank Launches National Trade Platforms in Zimbabwe and Malawi to Boost African Trade

Afreximbank's Africa Trade and Distribution Company Limited has launched national trade and distribution platforms in Zimbabwe and Malawi. This initiative aims to enhance the bank's strategy of building trade, logistics, and distribution platforms across African countries to support value chains and expand intra-African trade. The Zimbabwe platform is a joint venture with CBZ Holdings Ltd, focusing on commodity aggregation, export development, and market intelligence. Meanwhile, the Malawi platform, in partnership with Press Corporation Limited, will concentrate on commodity trade, strategic imports, and logistics services. These platforms are designed to address market fragmentation affecting small producers and exporters by improving supply aggregation and market access.
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WTO Chief Urges Africa to Seize Supply Chain Opportunities Amid Global Diversification

WTO Chief Urges Africa to Seize Supply Chain Opportunities Amid Global Diversification

The World Trade Organization (WTO) Director-General, Ngozi Okonjo-Iweala, has highlighted a significant opportunity for Africa to capitalize on the global shift towards diversified supply chains. Speaking at the Emerging Markets Forum in Abuja, she emphasized the need for African countries to develop competitive manufacturing ecosystems. Okonjo-Iweala pointed out that geopolitical tensions and the COVID-19 pandemic have exposed the risks of over-reliance on a few countries for supply chains, prompting multinational companies to reconsider their sourcing and manufacturing strategies. She urged African nations to focus on building regional value chains around critical minerals, rather than exporting raw materials, to enhance their competitiveness against regions like Asia and Latin America.
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Copper Prices Surge Amid Chilean Storms and Global Supply Squeeze

Copper Prices Surge Amid Chilean Storms and Global Supply Squeeze

Copper Prices Surge Amid Chilean Storms and Global Supply Squeeze
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Indonesia's Nickel Exports Delayed Due to Rare Earth Checks, Affecting Mining Industry

Indonesia's Nickel Exports Delayed Due to Rare Earth Checks, Affecting Mining Industry

Indonesia's nickel smelter group, FINI, reported ongoing delays in nickel exports due to new mandatory rare earth content checks. Despite assurances from the presidential staff office that previously delayed shipments would proceed, around 120 surveyor reports remain pending. The delays are attributed to regulatory and governance issues, as well as a lack of testing equipment. The checks were introduced following a corruption investigation by the Indonesian attorney general's office. FINI supports the testing to identify rare earth resources but cautions against export restrictions on nickel products due to rare earth by-products.
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China’s factory activity unexpectedly slips into contraction in July

China’s factory activity unexpectedly slips into contraction in July

An official survey shows China's factory activity slowed in July, the first time it has contracted in in five months
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Canadian economy grew by a greater-than-expected 0.3% in May

Canadian economy grew by a greater-than-expected 0.3% in May

(Deletes extraneous text in final paragraph) OTTAWA, July 31 (Reuters) - Canada's economy grew by a greater-than-expected 0.3% in May, pushed up in part by strength in the mining, quarrying and oil and gas sector, official data indicated on Friday.
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IMF Upgrades China's Growth Forecast Amid High-Tech Transformation

IMF Upgrades China's Growth Forecast Amid High-Tech Transformation

The International Monetary Fund (IMF) has revised its 2026 growth forecast for China's economy, increasing it from 4.4% to 4.6%. This adjustment reflects stronger-than-expected growth in the first quarter, despite challenges such as higher global oil prices and reduced demand from trading partners. The IMF's decision is not merely a reaction to short-term data but indicates a broader reassessment of China's industrial advancements and the resilience of its foreign trade. China's high-tech sector, particularly in computing hardware, is drawing significant international investor interest, as evidenced by the surge in shares of ChangXin Memory Technologies on the Shanghai STAR Market. The growth in high-tech manufacturing and digital product manufacturing has significantly contributed to the overall industrial output, highlighting China's shift towards innovation-driven industries.
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Quantinno Capital Management LP Increases Stake in Freeport-McMoRan, Boosting Holdings by 25%

Quantinno Capital Management LP Increases Stake in Freeport-McMoRan, Boosting Holdings by 25%

Quantinno Capital Management LP Increases Stake in Freeport-McMoRan, Boosting Holdings by 25%
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World's Largest Platinum Producer Reports Major Revenue Surge Amid Export Challenges

World's Largest Platinum Producer Reports Major Revenue Surge Amid Export Challenges

World's Largest Platinum Producer Reports Major Revenue Surge Amid Export Challenges
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India's Mobile Phone Export Surge Highlights Manufacturing Growth

India's Mobile Phone Export Surge Highlights Manufacturing Growth

India has reported a significant increase in mobile phone exports, rising 165-fold over the past decade. This growth, from approximately Rs 1,500 crore in 2014-15 to about Rs 2.59 lakh crore in 2025-26, positions India as a burgeoning hub for electronics manufacturing. The government attributes this success to favorable policies and increased investment in the sector. This development is part of a broader strategy to enhance India's role in global supply chains, particularly in electronics, as the country seeks to capitalize on shifting global trade dynamics.