Online Reporter
Business Reporter
ZIMBABWE recorded an 84 percent surge in mineral export revenues during the first half of 2026, generating a record US$2.532 billion from US$1.376 billion in the same period last year, the latest official figures show.
In a statement, Minerals Marketing Corporation of Zimbabwe (MMCZ) general manager, Dr Nomsa Moyo, attributed the sharp revenue increase to rising global market demand, favourable commodity prices and the practical implementation of Zimbabwe’s domestic mineral processing policy.
The earnings represent the largest half-year mineral export figure recorded by MMCZ for the first half (H1) of any year.
MMCZ is the State-owned exclusive marketer of all minerals, except gold and silver, which fall under the purview of the Reserve Bank of Zimbabwe (RBZ) through its buying and refining arm, Fidelity Gold Refinery.
“The US$2,5 billion recorded demonstrates the impact of the beneficiation and value addition policy,” said Dr Moyo.
“Based on the market trends and performance of our key mineral commodities, we are confident of surpassing our projected annual revenue this year.”
Three primary export commodities dominated performance, collectively generating more than 74 percent of the total revenue.
Platinum Group Metals remained MMCZ’s primary revenue stream, contributing 33.93 percent of the overall export value.
Spodumene concentrates accounted for 26.57 percent of total earnings while PGM concentrates contributed 13.73 percent to total sales.
The performance underscores Zimbabwe’s positioning as a strategic international supplier of PGMs and battery raw materials, anchoring the global transition towards renewable energy and electric vehicles.
Another notable highlight of the first half performance was the growing footprint of lithium sulphate.
In April this year, Zimbabwe officially entered the midstream market after dispatching Africa’s first-ever export consignment of lithium sulphate from the newly commissioned US$400 million Prospect Lithium facility in Goromonzi.
