Pilbara eyes low-cost lithium with Latin Resources project in Brazil

Australian lithium miner Pilbara Minerals expects the planned Salinas Lithium Project in Brazil, which it is taking over through its acquisition of Latin Resources, to become a low cost operation able to withstand low price cycles, CEO Dale Henderson said on Wednesday.

Pilbara said last month it would acquire smaller peer Latin Resources in an all-share deal for an implied value of A$559.9-million. The deal is expected to close around the end of the year.