SQM, the Chilean chemicals group, said late Wednesday its joint venture with Canadian junior miner Lithium Americas to develop a lithium project in Argentina will require $500-million to $600-million in total expenditures.
SQM and Lithium Americas signed the joint venture in March for the Cauchari-Olaroz lithium project in Argentina’s Jujuy province, eyeing annual output of 40 000 tonnes of lithium carbonate equivalent.
