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News: WES Australia's Wesfarmers defers lithium project investment decision by a year

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    Jan 23 (Reuters) - Australia's Wesfarmers Ltd (WES) has delayed its final investment decision on the Mt Holland lithium project by a year to the first quarter of 2021, it said on Thursday, as it focuses on cost-cutting amid ongoing weakness in metal prices.

    The decision follows a review in November of a definitive feasibility study for the project in Western Australia conducted by Covalent Lithium, a joint venture between Wesfarmers and Sociedad Quimica y Minera de Chile SA.

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