Arcadium Lithium Releases First Quarter 2024 Results
For lithium carbonate in Argentina, the first 10,000 metric ton expansion at Fénix is fully commissioned and producing lithium carbonate at close to full capacity rates.
- For lithium carbonate in Argentina, the first 10,000 metric ton expansion at Fénix is fully commissioned and producing lithium carbonate at close to full capacity rates.
- They are expected to produce commercial volumes in 2024 and to produce at close to nameplate capacities as lithium carbonate production in Argentina increases to feed them.
- The Company remains on track to achieve a 40% increase in combined lithium hydroxide and lithium carbonate sales volumes for the full year, with volume growth weighted towards the second half of 2024.
- In order to fund these expansions, Arcadium Lithium expects to spend roughly $1.6 billion in growth capital in the three years from 2024 to 2026.