Zimbabwe’s mineral sales through the Minerals Marketing Corporation of Zimbabwe (MMCZ), which exclude gold and silver, climbed to 4.9 million tonnes valued at US$3.4 billion in 2025. This was a 61% increase in volume and a 14% rise in value from 2024.
Here’s how key minerals performed in 2025:
PGM (platinum group metals) concentrates
Sales reached 73,506 metric tonnes worth US$306 million. Volumes dropped 52%, and value fell 44% from 153,957 metric tonnes valued at US$549 million in 2024. MMCZ says the drop is due to a shift in beneficiation, as producers are converting more concentrates into PGM matte through toll-processing, cutting back on concentrate exports.
PGM Matte
Zimbabwe is exporting more beneficiated platinum. PGM matte, a higher-value intermediate product produced by smelting concentrates, recorded a 71% increase in value to US$1.5 billion, from 37,194 metric tonnes exported. Performance was supported by higher volumes and stronger prices.
Lithium
Lithium sales reached 1,522,893.93 metric tonnes, generating US$571.6 million, beating volume and revenue targets by 33% and 10%, respectively.
Ferro-Alloys
Combined ferro-alloy sales rose to 433,293 metric tonnes valued at US$372 million, up 19% in volume and 11% in value from FY2024. High carbon ferrochrome dominated, contributing 427,444 metric tonnes worth US$365 million.
Chrome Ore Concentrates
Sales of 886,752 metric tonnes generated US$150 million. Volumes increased marginally by less than 1%, while revenue declined 12% due to lower prices.
Steel
Steel sales, still at an early stage following the start of the Manhize plant in 2024, climbed to US$92.1 million from 146,314 metric tonnes sold. This was a 450% jump in value from 2024, when 80,476 metric tonnes were sold for US$16.7 million.
For 2026, MMCZ expects revenue of US$3.5 billion, supported by a positive outlook for platinum.
