SQM and Wesfarmers make final investment decision on Mt Holland lithium expansion project
21/07/2026 23:15
SQM and Wesfarmers make final investment decision on Mt Holland lithium expansion project July 21 (Reuters) - Chilean lithium miner SQM and Australian conglomerate Wesfarmers said on Tuesday they have made a final investment decision for their Mt. Holland lithium expansion project in Australia.
SQM's share of capital expenditure for the project is estimated at $450 million to $500 million in nominal terms, the company said in a statement. A definitive feasibility study showed the expansion will increase nameplate spodumene concentrate production from about 380,000 metric tons per year to 760,000 metric tons of lithium concentrate.
(Reporting by Daina Beth Solomon, Editing by Natalia Siniawski)
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