Tianqi Lithium postpones commissioning of Australian processing plant amid tight liquidity

By Carrie Shi, Dalila Ouerghi
Published: Tuesday, 24 March 2020

Major lithium producer Tianqi Lithium Corp has postponed the commissioning of the first phase of its battery-grade lithium hydroxide processing plant in Kwinana, Western Australia, due to rising liquidity issues following the outbreak of the novel coronavirus (2019-nCoV).

Tianqi disclosed the postponement of the project in a filing to the Shenzhen Stock Exchange on Monday March 23 in response to questions from the securities regulator in China’s Sichuan province, where the company is based.

A new timeframe for the commissioning of the project was not provided.

The first...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


           



Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.