掀开奶罩边躁狠狠躁苏玥视频,无码专区3d动漫精品,去阳台跪着把屁股抬起来,精品国产丝袜黑色高跟鞋


Tianqi postpones commissioning of Australia lithium plant amid liquidity problems

  • Monday, March 23, 2020
  • Source:ferro-alloys.com

  • Keywords:Tianqi, lithium, Australia
[Fellow]Tianqi postpones commissioning of Australia lithium plant amid liquidity problems

[ferro-alloys.com]Tianqi Lithium Corp., one of the world’s biggest lithium producers, said on Sunday it had postponed commissioning of the first phase of its flagship Australian processing plant due to rising liquidity problems after the coronavirus outbreak.

The Chinese firm started production from what was slated to be the world’s largest facility for lithium hydroxide, used in batteries for electric vehicles, in September 2019, with the ramp-up of the 24,000 tonnes per year first phase in Kwinana, Western Australia, expected to take between 12 and 18 months.

But Tianqi, which last month admitted having difficulty paying back loans taken out for the $4.1 billion purchase of a 23.8% stake in Chilean miner SQM in 2018, said its “tight liquidity situation” had intensified since the start of 2020 due to the virus outbreak.

The commissioning of the first phase of the lithium hydroxide plant had therefore been postponed, Tianqi said in a filing to the Shenzhen Stock Exchange in response to questions from the securities regulator in its home province of Sichuan, without providing a further timeline.

The Kwinana plant is one of a number of metals projects around the world to be impacted by the coronavirus, which has infected more than 305,000 people globally and has seen both miners and smelters reduce operations.

Lithium hydroxide prices are at $10.25 per kg, according to the London Metal Exchange and price reporting agency Fastmarkets, down from $15-$17 per kg in March 2019, as ample supply swamps weak demand.

Tianqi had flagged a delay to the Kwinana project’s second phase in September amid falling prices, which – together with a 2.2 billion yuan ($310 million) impairment provision for the SQM investment – are set to see the Chinese company swing to a net loss of 2.8 billion yuan in 2019.

On Sunday, Tianqi also said its engineering, procurement and construction (EPC) contractor on the project, Perth-based MSP Engineering, had lodged a claim with Western Australia’s Supreme Court seeking 36.11 million Australian dollars ($21 million) from Tianqi’s Australian unit over an unpaid invoice.

Tianqi said it disputed the claim and that the two sides were discussing how to resolve the matter.

MSP did not immediately respond to a request for comment outside normal business hours.

(Mining.com)

  • [Editor:王可]

Tell Us What You Think

please login!   login   register
Please be logged in to comment!
主站蜘蛛池模板: 华池县| 白玉县| 驻马店市| 措勤县| 乌兰察布市| 乌拉特后旗| 枞阳县| 宣汉县| 女性| 拜泉县| 汤原县| 东至县| 平阳县| 萍乡市| 贵定县| 田阳县| 田林县| 抚州市| 建德市| 龙江县| 叶城县| 习水县| 安仁县| 自治县| 扎囊县| 屏山县| 上栗县| 呼图壁县| 平凉市| 天等县| 新野县| 虎林市| 昌江| 陆丰市| 闽清县| 原平市| 甘谷县| 宣恩县| 新巴尔虎右旗| 枝江市| 长春市|