Strategic Review Supports Continued Production Ramp-Up at North American Lithium
Production at NAL commenced in March 2023, and the operations have been undergoing steady improvement.
- Production at NAL commenced in March 2023, and the operations have been undergoing steady improvement.
- March month-to-date lithium recoveries were 69%, exceeding the ramp-up target of 67%, with global recovery of 62% during the July 2023 through March 2024 period.
- Production of spodumene concentrate has steadily increased with several daily production records achieved in March 2024, including the newest daily production record of 740 metric tons.
- The joint venture partners have conducted an operational review to assess the pace of the production ramp-up in the context of a challenging lithium price environment.