The "Ministerial Declaration" from Australia details the conditions for the development and operation of the lithium hydroxide plant in Kwinana.

"Covalent Lithium, the joint venture (50/50) with our partner Westfarmers has received ministerial declaration under the Western Australia Environmental Protection Act 1986," SQM said in a statement.

The project has an expected initial production capacity of 50,000 metric tonnes of battery grade lithium hydroxide, and its first production is expected in the second half of 2024.

(Reporting by Fabian Cambero; Writing by Hugh Bronstein; Editing by Paul Simao)