Market report: Zim aims to increase lithium output

ZIMBABWE is targeting to produce 10 percent of the world’s lithium output in the next four years, banking on anticipated huge investment towards its attraction, amid growing global demand for the mineral. This comes on the back of an upsurge in investor enquiries on lithium.

ALL SHARE

The All Share index lost a further 0.60 points (0,68 percent) to settle at 87.26 as trading was dominated with losers. British American Tobacco jumped down $1,6862 to close at $22,3138, Delta came off $0,0131 to $1,5669 while Padenga slipped $0,0105 to end at $0,4293. Meikles and Nampak both shed $0,0050 to close at $0,3000 and $0,1600 respectively whilst Mashonaland Holdings was $0,0020 weaker at $0,0279.

However, Old Mutual put on $0,0752 to trade at $5,4001, CBZ Holdings added $0,0030 to $0,1050 as Innscor was marginally up by $0,0008 to close at $0,9208. Tsl Limited closed at $0,3996 after a $0,0004 increase.

WEEK ON WEEK CHANGES

– ll Share Index went down 1.03 points (1,17percent).
– Industrial Index decreased by 3.29 points (1,12 percent).
– Top 10 Index came off 1.62 points (1,42 percent).
– Mining Index shed 3.49 points (2,72 percent).

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