PLZ Lithium Plant Nears Completion

Prospect Lithium Zimbabwe (PLZ) announced its new lithium sulfate plant is 75% complete and will begin production in early 2026. The facility will produce 60,000 tonnes annually, doubling the company’s revenue. Mines Minister Winston Chitando said the project advances Zimbabwe’s value-addition policy and supports the ban on raw lithium exports. The Government plans to prohibit lithium concentrate exports by 2027 to promote local processing and industrialization.