$1b lithium mine on hold
$1b lithium mine on hold CONTINUED weak lithium prices have forced Wesfarmers (ASX: WES) and its Chilean partner SQM to delay the construction of the Mt Holland lithium project in the WA goldfields. The partners announced their decision to mothball the project in an ASX release after trading had closed on January 23, saying that the final investment decision was deferred to “enhance the long-term value of the project”. The project included the construction of the mine and co-located concentrator at Mt Holland, and a lithium hydroxide refinery in Kwinana. Wesfarmers said that while it would wait till 2021 to pull the trigger on a final investment decision, in the meantime it would conduct further work to cut capital and...