China has cautioned its nationals about the risks of investing in Zimbabwe following the government’s decision to ban lithium exports.

The Chinese Embassy has advised companies to carefully assess the business environment before committing funds, warning that sudden policy changes could lead to financial losses. It also urged Chinese nationals to comply with local laws and protect their interests through legal channels.

Zimbabwe accounts for about a fifth of China’s lithium imports, a key mineral used in battery production. However, the recent ban on exports has disrupted operations at several lithium mines, many of which are owned by Chinese companies.

The Zimbabwean government says the move is aimed at gaining greater control over its mineral resources by limiting the export of raw materials and promoting local processing to boost economic growth.

–ChannelAfrica–