Brief: Wesfarmers Announces Final Investment Decision On MT Holland Lithium Expansion
21/07/2026 23:43
BRIEF-Wesfarmers Announces Final Investment Decision On MT Holland Lithium Expansion July 22 (Reuters) - Wesfarmers Ltd WES.AX:
MT HOLLAND LITHIUM EXPANSION - FINAL INVESTMENT DECISION
NAMEPLATE SPODUMENE PRODUCTION TO INCREASE FROM 380,000 TO 760,000 TONNES PER ANNUM
CO AND SQM APPROVE FINAL INVESTMENT DECISION TO EXPAND MT HOLLAND LITHIUM PROJECT
SHARE OF CAPITAL EXPENDITURE ESTIMATED AT A$645 MILLION-A$715 MILLION
EXPANSION TO DOUBLE SPODUMENE CONCENTRATE PRODUCTION AND LOWER UNIT OPERATING COSTS
SECOND CONCENTRATOR CONSTRUCTION TO BEGIN H2 2027; FIRST PRODUCTION EXPECTED H1 2030
Further company coverage: WES.AX
((Reuters.Briefs@thomsonreuters.com;))
Recent news on WESFARMERS
See all newsBrief: Wesfarmers Says It Has Had A Reasonable Start To The Financial Year
Australia's Wesfarmers falls on slowing Bunnings Group sales growth
Analysis: Billions in collateral damage: The hidden cost of Australia's housing slowdown
Aussie tycoon stands on precipice of M&A glory
Aussie tycoon stands on precipice of M&A glory