en.Wedoany.com Reported - On April 7, China's Shengxin Lithium disclosed at its 2025 performance briefing that the lithium ore supply from its Sabi Star lithium-tantalum mine project in Zimbabwe is expected to account for one-third of the raw material required for the company's lithium salt production capacity by 2026. The mine has entered a stable production phase and has become one of the core sources of the company's self-supplied lithium resources.
The Sabi Star mine commenced production in 2023, with a designed raw ore processing capacity of 2 million tons per year, corresponding to a lithium concentrate capacity of approximately 250,000 tons per year. Currently, the mine has completed the construction of two beneficiation production lines and supporting tailings storage facilities, and has finished the local power grid connection project in Zimbabwe, significantly enhancing production stability. Shengxin Lithium stated that the mine delivered over 100,000 tons of lithium concentrate to domestic bases in 2025 and plans to dynamically adjust production in 2026 based on market demand, prioritizing the self-supply ratio.
From a business layout perspective, Shengxin Lithium has established an integrated chain of "overseas mines + domestic smelting." In addition to the Sabi Star mine, the company also holds a controlling stake in the Sichuan Yelonggou lithium mine (with a lithium concentrate capacity of 70,000 tons per year) and holds shares in the Argentine Mariana lithium salt lake project (planned at 20,000 tons per year of lithium carbonate). In 2025, the company's lithium product output reached 77,500 tons, a year-on-year increase of 14.58%, with over 70% of the raw materials sourced from its own mines and salt lakes, gradually demonstrating cost advantages.
In terms of market expansion, Shengxin Lithium has entered the supply chains of more than 10 leading enterprises, including BYD, CALB, and LGES. Since the second half of 2025, with the recovery of lithium carbonate prices and the commencement of operations at its Indonesian plant, the company's gross profit has achieved year-on-year growth, and its operating performance has continued to improve. Management revealed that in 2026, the focus will be on advancing the feasibility study for the expansion of the Sabi Star mine and optimizing the process flow at the Indonesian plant to further enhance the self-sufficiency rate of resources.
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