Arcadium Lithium (ALTM) has announced the suspension of Stage 4A waste stripping at its Mt Cattlin spodumene operation in Western Australia. This decision comes as a result of declining spodumene prices, affecting further expansion beyond Stage 3. The company plans to transition the site to Care & Maintenance by mid-2025.

Impact of Suspension at Mt Cattlin

The suspension is expected to boost the company’s net cash flow by approximately USD 75 to 100 million for 2024 and 2025. Despite the pause in operations, Arcadium Lithium does not plan to permanently close the Mt Cattlin site. Instead, keeping it in Care & Maintenance will allow for a potential restart when market conditions improve.

Future Prospects for Arcadium Lithium

Arcadium Lithium remains committed to exploring underground mining at Mt Cattlin, which could extend the mine’s life. The company is also focusing on developing its global portfolio of hard-rock assets, ensuring they contribute significantly to its growth strategy.

Company Statements and Stakeholder Engagement

Paul Graves, the president and CEO, emphasized the company’s dedication to engaging with stakeholders and supporting its Western Australian workforce during the transition period. Additional details on the company’s plans will be shared at the Arcadium Lithium Investor Day on September 19.

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