FMC (FMC) Presents at Credit Suisse Basic Materials Brokers Conference (Transcript)
Sep. 12, 2017 9:00 PM
"...we will create a standalone public pure play fully integrated Lithium Company with the selection targeted to take place in the second half of 2018. We remain committed to investing in this business ahead of and after its separation and we began selling product from the first phase of our lithium hydroxide expansion late in the second quarter of 2017 are rapidly moving into the second phase of the hydroxide expansion plan, as well as moving towards expanding our carbonate capacity in Argentina"
"A year ago at this conference we discussed our focus on ensuring we had access to sufficient carbonate to support the growth of our business and today we've concluded that the right way to source this additional carbonate is to significantly expand capacity at our Argentina location. We're planning to invest $250 million to $300 million to add over 20,000 tons of capacity by 2023 and expect to make a more definitive detailed announcements of these plans in the coming months."
"...our current plan is to move toward a separate listing of FMC listing in the second half of 2018 and we expect to announce a final decision on both the timing and structure of this process by the second quarter of 2018."
What a coincidence...
Galaxy Resources will be announcing their plans for Argentina in the coming months also!
