ASX:WESMultiline Retail
How Investors Are Reacting To Wesfarmers (ASX:WES) Doubling Mt Holland Lithium Output Plan
Sociedad Química y Minera de Chile S.A. and Wesfarmers Limited have approved a major expansion of the Mt Holland lithium project, aiming to double annual spodumene concentrate output to about 760,000 tonnes at 5.5% Li2O, backed by a second concentrator and new integrated ore sorting facility, with most government and regulatory approvals secured or underway.
The expansion, with SQM’s estimated capital spend of US$450 million to US$500 million, materially increases Covalent Lithium’s...