Prospect Lithium Zimbabwe to Produce Lithium Carbonate by 2026
Prospect Lithium Zimbabwe aims for a 50:50 split in lithium sulphate and carbonate production by 2026, enhancing Zimbabwe's electric vehicle battery involvement. This effort aligns with the country's shift from raw mineral exports to value-added processing, following the completion of a $400 million lithium sulphate plant.
Theia Market Signal Identification - AI Assisted
Prospect Lithium Zimbabwe (PLZ) is set to commence the production of crude lithium carbonate at its Arcadia Lithium Mine by the end of 2026, targeting a balanced output between lithium sulphate and lithium carbonate. The Arcadia processing facility, with a capacity of 50,000 tonnes of lithium sulphate annually, may exceed 60,000 tonnes based on operational efficiency.
Zimbabwe's beneficiation policy, which prohibits unprocessed lithium concentrate exports, has attracted over $1.4 billion in investments from Chinese firms. While these products are higher in value than raw materials, challenges remain in advancing to battery-grade chemical production and finished battery manufacturing.
Comments