SQM, Wesfarmers back Mt Holland lithium expansion, lift output to 760,000 tonnes a year

• SQM, with Wesfarmers, reached a final investment decision to expand the Mt Holland lithium project in Australia.
• Expansion targets nameplate spodumene concentrate output of 760,000 tonnes per year, up from about 580,000 tonnes, at 5.5% Li2O.
• Scope covers mine expansion, concentrator upgrades, a second concentrator, integrated ore sorting to lift volumes, cut unit costs.
• Construction of the second concentrator is expected to start in H2 2027; first expanded production is expected in H1 2030.
• SQM’s share of capital spending is estimated at USD 450 million to USD 500 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SQM - Sociedad Química y Minera de Chile published the original content used to generate this news brief on July 21, 2026, and is solely responsible for the information contained therein.