Zimbabwe will ban exports of lithium concentrates in 2027 as
part of a push to make foreign mining companies develop refining operations in the country, a cabinet minister said.
“With effect from January 2027, the export of lithium concentrates will no longer be allowed,” Information Minister Jenfan Muswere told reporters in the capital Harare.
Bikita Minerals Ltd., the local unit
of Sinomine Resources Group, and Arcadia Lithium Ltd., are both establishing facilities that will process ores produced locally into higher-value lithium sulphate, the minister said.
The southern African nation has emerged quickly as a significant supplier of lithium concentrate for refineries in China after companies such as Chengxin Lithium Group, Zhejiang Huayou Cobalt Co. and Sinomine spent billions of dollars in recent years to develop mines. Exports of raw mineral have already been banned since last year.
Read: Zimbabwe Lithium Exporters Seek Tax Delay Until 2027
Several African countries have sought to push foreign mining companies to add more value to their economies. Last year, Zimbabwe supplied about 14% of China’s lithium imports, according to CRU Group. The lithium sulphate produced in the country would still be shipped to China for further processing into battery-grade material.
— With assistance from Desmond Kumbuka
Info News
Spirit Airlines Shutdown Leaves Travelers Searching for Answers
Travelers across the United States are reacting to the unexpected shutdown of Spirit Airlines after years of financial challenges and industry competition. The airline, known for its low-cost fares and budget-friendly travel options, had become one of the most recognizable names in domestic air travel. Millions of passengers are now searching for information regarding refunds, canceled flights, and alternative travel arrangements.
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Industry experts say the closure could have a major impact on airfare prices, particularly for travelers who relied on budget airlines for affordable transportation. Airports in several major cities are expected to experience delays and increased demand as passengers attempt to rebook canceled trips with other carriers. Searches for “cheap flights,” “Spirit Airlines refunds,” and “best budget airlines” have surged online as travelers seek new options.
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Aviation analysts believe the shutdown reflects larger financial pressures facing the airline industry, including rising fuel costs, labor shortages, and increased operational expenses. Some experts predict that ticket prices may rise in the coming months as competition decreases on several domestic routes previously dominated by discount carriers.
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Travel advisors are encouraging passengers affected by cancellations to monitor official airline updates, contact credit card providers regarding refund protections, and review travel insurance coverage where available. The story continues to dominate travel and business headlines across the country.
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Best Mortgage Refinance Companies for Homeowners With Equity
rnrnMortgage refinancing activity is rising again in 2026.
rnrnHomeowners with strong equity positions are searching for ways to lower payments, reduce interest costs, or access cash for major expenses.
rnrnBut refinancing is not always automatically smart.
rnrnThe details matter.
rnrnWhy Homeowners Refinance
rnrnPeople refinance for several reasons.
rnrnThese include:
rnrnrn - Lower interest rates
rn - Debt consolidation
rn - Home renovations
rn - Cash-out refinancing
rn - Shorter loan terms
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rnrnThe right refinance strategy depends heavily on financial goals.
rnrnWhat Lenders Evaluate
rnrnMortgage refinance companies usually review:
rnrnrn - Credit scores
rn - Home equity
rn - Debt-to-income ratios
rn - Employment history
rn - Property value
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rnrnBorrowers with strong equity often qualify for better rates.
rnrnRisks of Refinancing
rnrnRefinancing can create problems if borrowers ignore:
rnrnrn - Closing costs
rn - Extended loan terms
rn - Adjustable-rate risks
rn - Reduced home equity
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rnrnLower monthly payments do not always mean lower long-term costs.
rnrnFinal Takeaway
rnrnThe best mortgage refinance companies help borrowers balance interest savings, long-term financial goals, and loan flexibility.
rnrnA refinance should improve financial stability instead of creating new debt pressure.
rnrnFAQ
rnrnWhat credit score is needed to refinance?
rnrnRequirements vary, though stronger credit usually improves rates.
rnrnIs refinancing worth it in 2026?
rnrnIt depends on interest rates, equity levels, and long-term financial goals.
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