The mining chief driving Western Australia’s next major lithium project has shot down the prospect of soaring prices spurring an oversupply, arguing several challenges exist in getting new mines up overseas, while COVID-19 is hitting productivity and lifting wages., the cousin of high-profile businessman Richard – on Wednesday unveiled a binding offtake agreement with LG Energy Solution for lithium spodumene concentrate from its $473 million Kathleen Valley project. Shares in the $3.
Construction is set to begin in the second quarter of 2022 and first production two years later, initially delivering 2.5 million tonnes a year of spodumene concentrate. It would be WA’s next major lithium mine following Wesfarmers’ Mount Holland project, which is being built.
“So all these people predicting tonnes from central Africa in 2023, there’s a classic line in the movieMr Ottaviano said Kathleen Valley had the “ultimate validation” following the agreement with LG Energy Solution, the South Korean lithium-ion battery maker spun out of consumer products giant LG in 2020.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.