Zimbabwe’s mineral exports jump 10% to US$3.04 billion in 2025, led by platinum group metals

Martin Kadzere

THE volume of Zimbabwe’s mineral exports rose 10 percent in 11 months to November 2025, primarily driven by a resurgence in the Platinum Group Metals (PGMs), data from the Minerals Marketing Corporation of Zimbabwe (MMCZ) show.

MMCZ facilitated the sale of 4,4 million tonnes of minerals valued at US$3,04 billion cumulatively to November 2025, compared to the four million tonnes valued at US$2,8 billion in the same period in 2024.

Export earnings from matte surged to US$1,3 billion from 35,818 tonnes, a significant jump from the US$875,6 million in 2024.

While volumes rose by 10 percent, the revenue spike was largely driven by stronger global prices for platinum, palladium, and rhodium.

However, the performance within the cluster was mixed.

PGM concentrate, while still a top contributor at 8,63 percent of total revenue, saw earnings fall to US$262,5 million, down from US$494,4 million in the prior year due to lower export volumes.

Spodumene accounted for 15,75 percent of total export earnings, reflecting the country’s growing integration into the global battery minerals supply chain.

High carbon ferrochrome sales reached US$333,1 million, an 11 percent increase in volume and a 6 percent improvement in value year-on-year.

Coke sales volumes rose by 7 percent, generating US$162,9 million.

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