The Markets Ledger

Trump and Xi summit ends without any major deals signed

President Donald Trump departed Beijing Friday afternoon local time without any immediate sign that the US and China have resolved thorny challenges dogging their fractious relationship, but with a freshly stabilized relationship with Chinese leader Xi Jinping – for now.

Zim grants two Chinese firms lithium export quotas

Zimbabwe has granted two Chinese mining firms export quotas for ​lithium concentrates, state media China Securities Journal reported on ‌Monday, two months after Africa’s top lithium producer suspended exports of the key battery material.

Lithium prices soar after Zim bans concentrate exports

“The higher lithium price and continuous illegal shipments are likely driving factors for why the overhaul is happening now,” said Cameron Hughes, an analyst at consultancy CRU Group, who likened the move to a similar ban by the Democratic Republic of Congo on cobalt exports last year.