Arcadium to suspend operations at Western Australia lithium mine
NYSE- and ASX-listed Arcadium Lithium will place its Mt Cattlin spodumene operation, in Western Australia, into care-and-maintenance by the middle of next year, given the continued decline in spodumene prices.
President and CEO Paul Graves said on Thursday that, while Arcadium remained committed to developing its global portfolio of hard rock assets, production at Mt Cattlin beyond the current stage of the openpit could not be justified in the current price environment.
Arcadium would suspend Stage 4A waste stripping, and any expansionary investment beyond Stage 3, at Mt Cattlin spodumene operation and place the site into care-and-maintenance after it completed Stage 3 mining and ore processing.
Arcadium said it did not intend to close Mt Cattlin at this time. The company would also continue to explore the viability of underground mining at the site, which could potentially extend the remaining mine life.
US-headquartered Arcadium was formed last year from the merger between Alkem and Livent.
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