Capital Spending

Arcadium Lithium Pauses Expansion Plans on Prices, Supply Glut

Arcadium Lithium Pauses Expansion Plans on Prices, Supply Glut

Arcadium Lithium Plc will suspend or delay two of its four expansion projects as the global market for the battery metal faces a supply glut and prolonged price slump.The lithium producer plans to pause investment in its Galaxy project in Canada and is exploring the possibility of bringing in a partner for the project, Arcadium said in its second-quarter earnings release on Tuesday. Source link lol
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