News from our neighbour:
https://mineriasustentable.com.ar/contenido/12336/por-la-caida-del-precio-del-litio-arcadium-cancelo-financiamiento-por-us230-mill
Arcadium Lithium, the mining company resulting from the merger of the American company Livent and the Australian company Allkem, has cancelled two international loans from IDB Invest and the International Finance Corporation (IFC), a member of the World Bank.
- In fact, the company recently put the brakes on the expansion plan for the Fénix project
- Against this backdrop, the company has announced that it will not be entering the Large Investment Incentive Regime (RIGI) for the time being, according to a statement from LA NACION.
Against this backdrop, the company has announced that it will not be entering the Large Investment Incentive Regime (RIGI) for the time being, according to a statement from LA NACION. It is clear that a smaller credit line is required when scaling back expansions. In general, however, IDB and IFB loans are considerably more favourable than other market conditions.
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