Copper $ 4.5875 / lb -0.55%
Brent Crude Oil $ 63.72 / bbl -0.50%
Palladium $ 979 / ozt -0.10%
Crude Oil $ 61.17 / bbl -0.60%
Natural Gas $ 3.289 / Btu -0.87%
Silver Futures $ 32.38 / ozt 0.23%
Aluminum Futures $ 2316 / ton 0.89%
Micro Gold Futures $ 3320 / ozt 1.43%
Micro Silver Futures $ 32.36 / ozt 0.14%
Platinum $ 969 / ozt -0.14%
Gold Futures $ 3293.2 / ozt 1.38%
Go to MDC Markets

Allkem to receive up to $180 million to develop Argentina plant

Reuters | July 24, 2023 | 2:10 pm Battery Metals Latin America Lithium 
Livent, Allkem create world's No. 5 lithium miner in $10.6bn merger
The Sal de Vida lithium project in Argentina. (Image courtesy of Allkem Ltd.)

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)

Comments

Your email address will not be published. Required fields are marked *

No comments found.

More News

{{ commodity.name }}