Lithium Ionic Slashes Brazil Project Capex to Only US$191 Million

Source link : https://www.mondialnews.com/2025/09/18/lithium-ionic-slashes-brazil-project-capex-to-only-us191-million/

Lithium Ionic has announced a significant reduction in the capital expenditure (capex) for its lithium project in Brazil, lowering the investment to US$191 million, according to BNamericas. The move reflects a strategic effort to optimize costs amid evolving market conditions, positioning the company to advance its development with a leaner budget. This adjustment comes as Lithium Ionic aims to strengthen its foothold in the burgeoning Brazilian lithium sector, which is increasingly attracting global attention due to growing demand for battery materials.

Lithium Ionic Reduces Project Capital Expenditure in Brazil to US191 Million

Lithium Ionic has announced a significant reduction in the capital expenditure (capex) for its Brazilian lithium extraction project, bringing the total investment down to US$191 million. This revision comes as a result of enhanced engineering designs and strategic sourcing of materials, which have effectively streamlined the project’s financial requirements without compromising quality or output capacity. The company is confident that these cost efficiencies will accelerate the timeline for production commencement while simultaneously improving the project’s overall economic viability.

Key factors contributing to the capex reduction include:

  • Optimized mine layout and processing plant design
  • Vendor negotiations achieving better pricing on critical equipment
  • Implementation of advanced automation to reduce labor costs

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Author : Miles Cooper

Publish date : 2025-09-18 11:53:00

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