Prospect Lithium Zimbabwe Secures $700M Investment From Zhejiang Huayou Cobalt

Deal Summary

Prospect Lithium Zimbabwe, a subsidiary of Zhejiang Huayou Cobalt, has secured approximately $700 million to build a lithium sulphate processing plant in Zimbabwe after the government banned raw lithium exports. The financing, part of a broader $1 billion investment push, enables the plant to commence equipment commissioning and boost local value‑addition.