SQM, Wesfarmers commit US$450 million-US$500 million to expand Mt Holland lithium project

Reuters2026/07/27 18:14

By:Reuters

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SQM and Wesfarmers reached a final investment decision to expand the Mt Holland lithium project through their Covalent Lithium joint venture.
Expansion adds a second concentrator and an integrated ore-sorting facility, doubling spodumene concentrate capacity to 760,000 tonnes a year from 380,000.
First-half 2030 start-up targeted; construction expected to begin in the second half of 2027.
SQM’s share of capital spending estimated at USD 450 million to USD 500 million.
Extra output could supply a potential expansion at the Kwinana refinery or be sold as spodumene concentrate.

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 via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000909037-26-000031), on July 27, 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 commit US$450 million-US$500 million to expand Mt Holland lithium project

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