Cost Savings Expected Mount Cattlin Operations Under Review

WEB Arcadium Lithium Reassesses Projects, Delays Expansion

Cost Savings Expected, Mount Cattlin Operations Under Review

WEB Arcadium Lithium ASXLTM is reassessing all its projects, including a final in-depth look at its Mount Cattlin lithium operations in Western Australia. The company expects to deliver cost savings in 2024 at the higher end of its 60 to 80 million guidance range.

Suspension of Expansion Projects

WEB Arcadium Lithium will also suspend or delay two of its four expansion projects due to challenges in the global market for battery metals. The company's vertically integrated operations, spanning hard-rock mining to conventional pond production, have been affected by supply and demand imbalances.