Greater China Materials: Weekly Monitor: Zimbabwe Lithium Spodumene Export Resumes

Research evidence excerpt

Greater China Materials: Weekly Monitor: Zimbabwe Lithium Spodumene Export Resumes

Update

May 15, 2026 11:32 AM GMT

Morgan Stanley Asia Limited+MGreater China Materials | Asia Pacific Rachel L Zhang

Equity Analyst

Weekly Monitor: Zimbabwe Rachel.Zhang@morganstanley.comChris Jiang +852 2239-1520

Chris.Jiang@morganstanley.com +852 3963-1593

Lithium Spodumene Export Hannah Yang, CFA

Hannah.Yang1@morganstanley.com +852 2239-7079

Resumes Cynthia Tang

Research Associate

Cynthia.Tang@morganstanley.com +852 3963-4360

Key Takeaways

Greater China Materials

MIIT issued a notice on organizing and carrying out industrial energy conservation Asia Pacific

Industry View Attractive

supervision in 2026.

China has approved a batch of coal projects since March, releasing nearly 50mnt

annual capacity.

Mongolia's coal exports rose 56.5% YoY in 4M26, all destined for China, with

April hitting a new high.

China State Council executive meeting approved the draft regulations for the

implementation of the Mineral Resources Law.

Sinomine Resource confirmed on lithium concentrates shipments from its

Zimbabwe mines.

Base metals: Shanghai copper prices rose 2.7% while inventories were flattish WoW.

Shanghai aluminum prices inched up 0.6% WoW while inventories remained flat

compared to a week ago.

Battery metals: Domestic industrial- and battery-grade hydroxide prices rose 3.0%

and 2.5% WoW, respectively. Industrial- and battery-grade lithium carbonate prices

both climbed 2.4% WoW.

Gold: Prices declined 1.3% WoW to US$4,652/oz.

Steel: Shanghai HRC prices dipped 0.6% while CRC prices inched up 0.2% WoW.

Shanghai rebar prices grew 1.0% while Tangshan billet prices were flattish WoW.

Long steel inventories at traders dropped 6.1% while that of flat steel also slipped

2.0% WoW.