NEWS COMMENTARY

In response to Argentina's mandatory quarantine, Lithium Americas temporarily suspends construction of its Cauchari-Olaroz project

Published:
March 23, 2020
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by Chloe Holzinger
Very important

On March 19, 2020, Argentina's government responded to the growing coronavirus threat by ordering a mandatory national quarantine effective March 20 through March 31, forcing LAC to put its Cauchari-Olaroz project on hold. This move comes close on the heels of LAC's acknowledgement that there could be three-month delays in delivery times for equipment orders from Chinese manufacturers as a result of COVID-19. LAC now projects that the Cauchari-Olaroz project will not be completed until early 2021. Clients should recognize that the global outbreak will slow activity and development at all steps of the Li-ion battery value chain; delays are to be expected. LAC's deep coffers will limit the negative financial impact of these near-term delays.

For the original news article, click here .


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