Costs at American Lithium's Peru project up to $700m, CEO says
Costs of the first phase of construction at American Lithium's Falchani lithium mine in Peru likely have risen some 20% from an original estimate to $700-million, the CEO of the firm said in an interview.
"If you think about the post-Covid world and inflationary pressures, that bill (of $580-million) is probably more like $700-million today," CEO Simon Clarke said.
Peru, the world's second-largest copper producer, is vying for a piece of the pie in the booming lithium market.