SQM, Wesfarmers greenlight Mt Holland lithium expansion; SQM share seen at USD 450 million-500 million
SQM•Timing and investment estimate
Construction is expected to start in 2H 2027; first expanded volumes are targeted for 1H 2050.
SQM’s share of capital investment is estimated at USD 450 million to USD 500 million.
Mt Holland lithium project expansion approved
SQM, with partner Wesfarmers, took final investment decision to expand the Mt Holland lithium project in Australia.
The project targets a doubling of spodumene concentrate capacity to 760,000 tons a year from about 380,000 tons.
The expansion adds a second concentrator plant, mine expansion, and an ore-sorting facility; product grade is 5.5% Li2O on a 100% basis.
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