Argentina tripled lithium carbonate production capacity in last two years
Argentina, the world's No. 4 lithium producer, has four projects in production.
Australia’s Liontown Resources said on Wednesday it has entered a A$550 million ($363.2 million) debt facility for the planned ramp-up and expansion of its flagship Kathleen Valley lithium project in Western Australia.
The debt facility would ensure that the project is funded through first production and ramp up to 3 million tonnes per annum (Mtpa) base case.
“The debt facility provides financial certainty and sufficient time for Liontown to complete the previously announced review of Kathleen Valley’s 4 Mtpa expansion,” the miner said.
The company said in January it was reviewing the project to lower near-term funding needs, which could include delaying its 4 Mtpa underground development, other mine plan adjustments, and further cost cuts.
($1 = 1.5142 Australian dollars)
(By Ayushman Ojha; Editing by Shounak Dasgupta)
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