Wesfarmers and its Chilean partner SQM are bullish about lithium’s future despite low prices causing current players to curtail growth plans.
SQM chief executive Ricardo Ramos said he expected the battery mineral’s price to be much better by year’s end, and 2025 to be better still.
The Mt Holland lithium mine is 500 kilometres east of Perth.
Ramos, speaking at the official opening of the new Mt Holland lithium mine on Thursday, said it was only the first step of its plans in Australia.“I would like to have 10 different Mt Hollands, one is not enough,” he said.
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Wildcat will surely be on their radar
One Mt Holland is not enough … SQM in Australia
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