Lithium producer Prospect Lithium Zimbabwe (PLZ) has announced plans to construct a state-of-the-art lithium sulphate plant in a show of commitment to the country’s sustainable growth plans.
PLZ celebrated its second anniversary through a grand event under the banner: Adapting and Thriving: Celebrating 2 Years of Growth and Resilience in the Lithium Industry on Saturday last week.
Thirty employees were recognised on the day for their achievements with certificates and gifts presented by PLZ general manager Henry Zhu and his deputy Wang Yuchun.
In his address, Zhu expressed gratitude for the journey the company has travelled thus far, emphasising the importance of adaptability and resilience in the lithium industry.
“In the ever-evolving landscape of the lithium industry, adaptability and resilience are key factors for success. Over the past two years, we have faced numerous challenges and obstacles, but through sheer determination and hard work, we have not only weathered the storm but emerged stronger than ever,” he said.
“Our ability to adapt to changing market conditions, technological advancements and regulatory changes has allowed us to stay ahead of the curve and continue to grow and thrive.”
Zhu committed to ensuring that PLZ exceeds the expectations of its stakeholders.
“One of the key values we uphold at PLZ is our support for government regulations that promote value addition in our industry. We believe that by adding value to our products, we can create more opportunities for economic growth and development in our country,” Zhu indicated.
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“I am excited to announce that we are currently doing feasibility studies for a state-of-the-art lithium sulphate plant. This plant will not only enhance our production capabilities, but also contribute to the overall well-being of our country and economy. By investing in this plant, we are demonstrating our commitment to sustainable growth and development.”
Meanwhile, PLZ workers committee representative Kuzivakwashe Kwenda has acknowledged the challenges the industry faced over the past two years including the low lithium market price emphasising how the employees had persevered and thrived, showcasing resilience and unity.
“The past two years have been filled with challenges, uncertainties and obstacles, but through it all, we have persevered, adapted and thrived. Our industry is dynamic and constantly evolving, and it is through our resilience and determination that we have been able to navigate through the storms and emerge stronger and more united than ever before,” he added.
