PLZ, ATZ target US$600m annual earnings

Shanghai Stock Ex­change-listed Huayou Cobalt, which owns PLZ and ATZ, has invested US$1,1 billion in its Zimbabwean lithium opera­tions.

PROSPECT Lithium Zimbabwe (PLZ) says it expects annual earnings from its operations and those of its sister company, Arcadia Technology Zimbabwe (ATZ), to exceed US$600 million, driven by increased production and lithium beneficiation. Shanghai Stock Ex­change-listed Huayou Cobalt, which owns PLZ and ATZ, has invested US$1,1 billion in its Zimbabwean lithium opera­tions. While PLZ focuses…

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