French miner Eramet abandons Argentinian lithium project as coronavirus hits global economy
Published: Wednesday, 08 April 2020
French mining and metals group Eramet will put on hold the construction of its Argentinian lithium production plant for an indefinite period due to the economic uncertainty sparked by the Covid-19 pandemic.
The company said in a statement on Wednesday April 8 that
its main focus is to preserve its cash position by reducing
investments against the backdrop of uncertainty surrounding the
global economy and raw material markets.
In February, the company already announced that its pilot
lithium project in Argentina was...