Lusorecursos wants to build an on-site chemical plant to refine its estimated 30 million tonnes of petalite lithium ore, which is mainly used in glass and ceramics, to battery-ready purity, “so the added value stays in the country”, said the company’s chief executive, Ricardo Pinheiro.
Lusorecursos also expects to draw foreign partners to help fund the 400-million-euro project, he said.
NLI Price at posting:
4.1¢ Sentiment: Sell Disclosure: Not Held
