Codelco caps worst year in quarter century with production drop
Production for the last three months of the year was 358,000 metric tons, compared with about 384,000 tons in the fourth quarter of 2022.
Lithium miner Allkem will receive a loan up to $180 million to develop a battery-grade brine lithium plant at the Sal de Vida site in Argentina, the International Finance Corporations (IFC) said on Monday.
The IFC, a development institution, will put up to $100 million out of its own account and up to $30 million “in mobilization,” it said in a statement. Another $50 million is expected to come in a parallel loan arranged by the IFC.
(By Kylie Madry; Editing by Brendan O’Boyle)
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