Market report: Lithium price on the upsurge

14 Jan, 2018 - 00:01 0 Views
Market report: Lithium price on the upsurge

The Sunday News


THE Zimbabwe Mining Development Corporation will soon start mining its lithium deposits in Bikita, on the back of firming demand for the mineral on the global markets. This comes as Zimbabwe is experiencing a scramble for lithium exploration by foreign investors following the discovery of more deposits across the country.


The All Share Index closed the week lower at 94.69 points after losing 1.88 points (1,95 percent). British American Tobacco came off a significant $5,0000 to close at $30,0000; Innscor dropped $0,0998 to settle at $0,8502 while Padenga retreated $0,0496 to $0,5004. PPC shifted down $0,0150 to end at $0,8500, Mashonaland Holdings slipped $0,0046 to $0,0300 as Ariston was $0,0010 weaker at $0,0160.

Gains were seen in Hippo which rose 0,0300 to $1,7300, Old Mutual gained $0,0265 to trade at $4,8441 and Simbisa put on $0,0158 to end at $0,4500.

Other movers were in Delta which added $0,0019 to close at $1,5570 and Zimpapers inched up $0,0002 to settle at $0,0112.

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