Standard Lithium Approaches Billion-Dollar Investment Decision for Arkansas Plant
Standard Lithium is set to make a Final Investment Decision (FID) this year for its South West Arkansas lithium plant, involving over $1 billion in financing. The company aims to begin commercial production by 2029, with initial capacity projected at 22,500 metric tons per year.
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Standard Lithium plans to finalize its investment decision for the South West Arkansas lithium plant in Lafayette County this year. The demonstration plant has successfully processed 42 million gallons of water, achieving over 95% lithium recovery.
Initial commercial production is targeted for 2029, with capacity of 22,500 metric tons annually. The company has selected contractors for the central facility and well field operations. Key to profitability is securing long-term off-take agreements, as lithium prices need to stabilize in the $18,000 to $22,000 per metric ton range. Collaborating with Equinor in 2024 positions Standard Lithium strategically in a competitive market, especially as sentiment shifts towards lithium investment.
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