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16 Nov

Vulcan cuts capex for zero carbon lithium project in Germany

Australia-listed Vulcan Energy Resources on Thursday announced it has reduced capex for its zero carbon lithium project in Germany by around €100 million ($108.8m), Kallanish reports. Following a bridging engineering study for phase one of the project, the new capex is €1,399m. The expected annual earnings before interest, taxes, depreciation and amortization (Ebitda) forecast of €521m remains unchanged. The firm has also slashed its operation exp…
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