Business
Wesfarmers (ASX:WES) share price on watch following lithium update
The Wesfarmers Ltd (ASX: WES) share price will be on watch for a couple of reasons on Thursday.
As well as releasing its half year results, the conglomerate has just provided an update on its lithium operations.
What did Wesfarmers announce?
After deferring its final investment decision (FID) for the Mt Holland lithium project in January 2020, Wesfarmers and its joint venture partner, Sociedad Quimica y Minera de Chile S.A. (SQM), have now come to a final decision on the project.
According to the release, full funding will be committed upon receiving environmental approvals for the Kwinana refinery, which are anticipated in early FY 2022.
The company also advised that it has completed an updated definitive feasibility study (UDFS)…
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