SQM, Wesfarmers greenlight Mt Holland lithium expansion; SQM share seen at USD 450 million-500 million

Reuters2026/07/21 22:14

By:Reuters

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SQM, with partner Wesfarmers, took final investment decision to expand the Mt Holland lithium project in Australia.
Project targets a doubling of spodumene concentrate capacity to 760,000 tons a year from about 380,000 tons.
Expansion adds a second concentrator plant, mine expansion, ore-sorting facility; product grade 5.5% Li2O on a 100% basis.
Construction expected to start in 2H 2027; first expanded volumes targeted for 1H 2050.
SQM’s share of capital investment estimated at USD 450 million to USD 500 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SQM - Sociedad Química y Minera de Chile published the original content used to generate this news brief on July 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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SQM, Wesfarmers greenlight Mt Holland lithium expansion; SQM share seen at USD 450 million-500 million

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