Alchem ​​lithium mine in Argentina to plant up to 180 million US dollars in economics

Lithium miner EverythingBased in Australia, it will borrow up to $180 million to support the development of a battery-grade lithium salt plant at the Sal de Vida site. ArgentinaThe International Finance Corporation (IFC) said on Monday.

IFC, a development agency member of the World Bank, will contribute up to US$100 million and US$30 million from its own account.of the funds raisedHe said in a statement. The remaining $50 million is expected to come from an additional collateralized loan arranged by IFC.

Our investment Everything “will strengthen the position of Argentina One of the major lithium producers worldwide“, he pointed out Makhtar DiopAdministrative director IFC.

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This is the company’s first investment in lithium mining and according to the report, the project is expected to produce 15,000 tonnes of lithium carbonate equivalent (LCE) per annum in its first phase.

Argentina indicated earlier in the month that it would begin producing lithium batteries in September, and explained that the move would include materials from the western province of Catamarca, where Sal de Vida is located, but did not specify the scale of the operation.

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