Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

Tianqi Puts Hold Lithium Plant Expansion

Metal News - Published on Fri, 13 Sep 2019

Image Source: mining.com
Mining com reported that Chinese lithium miner Tianqi has shelved plans to complete a AUD 300 million second phase expansion at the world’s largest lithium hydroxide plant as an oversupply of the commodity continues to drive down prices. The company, which officially opened up the first stage of its Kwinana plant said the decision was made to focus on completing the facility’s initial phase rather than as a response to market conditions.

Tianqi Australia’s general manager, Phil Thick, said that “We just had so many people on site and so much construction activity happening that we really wanted to just focus on getting stage one complete (…) That happened at the same time as the market has softened a little.”

At full production, Kwinana is expected to produce 48,000 tonnes of battery-grade lithium hydroxide a year, treating spodumene concentrate coming from Tianqi’s half-owned Greenbushes mine, south-east of Perth.

Source :

Posted By : Rabi Wangkhem on Fri, 13 Sep 2019
Related News from Metal segment