Researchers Around The World Are In AweBRISBANE, Australia, Jan. 27, 2021 -- DECEMBER QUARTER 2020 KEY HIGHLIGHTS1 Olaroz Lithium Facility operations returned to being Gross Cash Margin positive with record sales volume during the quarter while costs declined to near all-time lows. Quarterly production volumes were the third highest since operations commenced. Low costs and strong, stable production mean the business is well positioned to participate in the improving lithium market.
related wage subsidies from the Argentina government are included.
tests . Production for the December quarter was third highest achieved by Olaroz at 3,727 tonnes up 4% from 3,586 tonnes in the PCP. Brine concentration remains at higher levels than in recent years resulting in high daily production rates, higher plant recovery and further decreases in costs, even when
Cash cost of goods sold for the quarter reduced by 15% PCP to near all-time lows at US$3,623/tonne. This excludes export duties for the quarter of US$85/tonne. Gross cash margins for the quarter returned to being positive at US$174/tonne, this is expected to improve with better pricing in H2 FY21.
The Naraha Plant, the first of its kind to be built in Japan, is designed to convert primary grade lithium carbonate feedstock into purified battery grade lithium hydroxide. Feedstock for the 10,000 tonne per annum Naraha Plant will be sourced from the Olaroz Lithium Facility’s Stage 2 Expansion that will produce primary grade lithium carbonate. Since construction commenced at the Naraha Plant there have been no LTIs recorded.
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