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Chanticleer’s view: Wesfarmers back on the road to electric car future – The Australian Financial Review
Wesfarmers has held its nerve on its big lithium project, even as sentiment around the sector has gyrated wildly.
Theres a lot of speculative interest in lithium but as we said at the outset this is a long-term project, he says.
Shifts in the external environment have mattered far less than the changes made by Wesfarmers and SQM to the project itself to give greater certainty on engineering design and increase capacity at Kwinana by 11 per cent to 50,000 tonnes a year. The joint venture will also invest to ensure it could quickly double capacity at a later date.
Theres still a long way to go here construction…
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