The Minerals Marketing Corporation of Zimbabwe opened its 6th Annual General Meeting in Harare on Friday, reporting strong mineral export performance for the first nine months of 2025 despite global economic pressures.
Presenting the Q3 2025 Trading Update, MMCZ General Manager Dr. N.J. Moyo said Zimbabwe’s mineral exports — excluding gold and silver — continued to recover, supported by firming international commodity prices.
“Despite global headwinds, mineral exports for the nine months to September 2025 remained strong, driven by solid PGM, ferrochrome, and chrome recoveries,” Dr. Moyo said.
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The corporation reported notable increases in key mineral prices, with platinum group metals up 54.5%, ferrochrome rising 24%, chrome increasing 22.6%, and lithium gaining 7.5%. Officials said the positive trend reflects a strengthening commodities market and an improving outlook for Zimbabwe’s mineral trade.
However, temporary export suspensions earlier in the year by major producers — including Mimosa and Bikita Minerals — weighed on overall sales volumes. Diamond revenues also remained under pressure due to growing competition from lab-grown alternatives, though MMCZ notes that signs of recovery are emerging.
The AGM will assess overall export performance for 2024 and outline strategies to sustain growth, enhance value addition, and boost foreign currency earnings from the mining sector — the country’s largest export contributor.
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