MinRes adds to global lithium production cuts amid downturn
The company will put its Bald Hill lithium mine in Western Australia under care and maintenance starting this week.
Lithium miner Allkem will receive a loan up to $180 million to develop a battery-grade brine lithium plant at the Sal de Vida site in Argentina, the International Finance Corporations (IFC) said on Monday.
The IFC, a development institution, will put up to $100 million out of its own account and up to $30 million “in mobilization,” it said in a statement. Another $50 million is expected to come in a parallel loan arranged by the IFC.
(By Kylie Madry; Editing by Brendan O’Boyle)
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