Tianqi Lithium Corporation announced that its controlling subsidiary, We Filde's wholly-owned subsidiary, Talison Lithium Australia Pty Ltd, located in the third phase expansion project of chemical-grade lithium concentrate in Greenbush, Western Australia, will increase its investment to 881.3 million australian dollars. The project is expected to be completed and production started in the fourth quarter of 2025, aiming to increase Talison's chemical-grade lithium concentrate production capacity to 2 million tons per year. This additional investment is due to factors such as increased labor costs, equipment upgrades, camp construction costs, and increased supply costs. As of the end of September 2024, approximately 611 million australian dollars have been invested in the project. The increased investment will help the company provide continuous...Show More

Tianqi Lithium Corporation announced that its controlling subsidiary, We Filde's wholly-owned subsidiary, Talison Lithium Australia Pty Ltd, located in the third phase expansion project of chemical-grade lithium concentrate in Greenbush, Western Australia, will increase its investment to 881.3 million australian dollars. The project is expected to be completed and production started in the fourth quarter of 2025, aiming to increase Talison's chemical-grade lithium concentrate production capacity to 2 million tons per year. This additional investment is due to factors such as increased labor costs, equipment upgrades, camp construction costs, and increased supply costs. As of the end of September 2024, approximately 611 million australian dollars have been invested in the project. The increased investment will help the company provide continuous and sufficient raw material security, enhance the synergies of the industrial chain upstream and downstream, and is expected to improve the company's profitability. However, the project still faces market risks, exchange rate risks, and other uncertainties. The company plans to use financial derivatives for hedging to reduce the adverse effects of exchange rate fluctuations. The proposal for this additional investment was approved by the board of directors on October 30, 2024.