Lithium Argentina AG
NYSE:LAR
Lithium Argentina AG
Lithium Argentina AG is a CH-based company operating in Metals & Mining industry. The company is headquartered in Zug, Zug and currently employs 850 full-time employees. The company went IPO on 2008-07-16.
Lithium Argentina AG is a CH-based company operating in Metals & Mining industry. The company is headquartered in Zug, Zug and currently employs 850 full-time employees. The company went IPO on 2008-07-16.
Strong Production: Cauchari-Olaroz sustained 90% of capacity for extended periods in Q3, achieving a new monthly production record in October and approaching full capacity.
Cost Optimization: Ongoing plant optimizations are driving down costs, though Q3 saw slightly higher unit costs due to lower production volume.
Major Growth Plans: The PPG project targets an initial 50,000 tonnes/year of lithium carbonate equivalent (LCE), expanding to 150,000 tonnes/year, with total capital investment of $3.3 billion over three phases.
Scoping Study Results: PPG delivers a strong after-tax NPV of $8.2 billion at 8% discount and a 33% IRR at a long-term price of $18,000/tonne; IRR remains above 20% even at $12,000/tonne.
New Debt Facility: Secured a $130 million, 6-year debt facility from Ganfeng, enhancing corporate flexibility.
Environmental Approval: Received Stage 1 environmental permit for PPG, allowing construction to target start in H2 2026.
Competitive CapEx: PPG’s capital intensity is notably lower than comparable projects, benefiting from higher brine grades and modular DLE technology proven in China.
Market Outlook: Management and partners remain confident in long-term lithium demand, highlighting strong ESS and EV trends and supporting their price assumptions.
