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retiredyoung

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02/03/18

12:28

Post #: 31478683
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Patricio de Solminihac commented, "We are pleased that we have reached an agreement with CORFO that will let us continue developing a successful story in the Salar de Atacama. The new production allowance granted in the agreement gives us flexibility to increase our operation capacity as the market continues growing, allowing us to keep a market share around 25% during the next few years."

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Then he continued saying, "Approximately a year ago, we announced a capacity expansion from 48,000 to 63,000 MT of lithium carbonate in Chile, to be finished in 2018. This expansion project is being revised to reach a total production capacity of 70,000 MT this year. On top of this, we are working on a project to increase our plant capacity by another 30,000 MT in 2019, reaching 100,000 MT of total capacity in Chile. The total budget for both stages will be approximately US$170 million. We will evaluate the timing for future expansions in the Salar de Atacama based on market conditions."

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https://www.prnewswire.com/news-rel...-months-ended-december-31-2017-300606358.html
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