Returns from Wesfarmers's Mine Expansion Remain Unclear

Dow Jones

07/23

2330 GMT [Dow Jones]--Wesfarmers's expansion of its Mt Holland lithium project wasn't really in doubt. However, Jefferies suggests the full benefits from doubling capacity of the mine and concentrator remain to be seen. "With significant uncertainty and volatility in lithium prices, it is unclear whether Wesfarmers will generate an acceptable return on its circa A$3 billion total project investment," Jefferies analyst Michael Simotas says. It notes the hydroxide refinery isn't yet proven. "But the expansion plan carries less operating risk given it won't expand refinery capacity and the first concentrator has been successful," Jefferies says. It rates Wesfarmers's stock a hold with a A$73.00/share price target. Wesfarmers ended Wednesday at A$89.90. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

July 22, 2026 19:33 ET (23:33 GMT)

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However, Jefferies suggests the full benefits from doubling capacity of the mine and concentrator remain to be seen. \"With significant uncertainty and volatility in lithium prices, it is unclear whether Wesfarmers will generate an acceptable return on its circa A$3 billion total project investment,\" Jefferies analyst Michael Simotas says. It notes the hydroxide refinery isn't yet proven. \"But the expansion plan carries less operating risk given it won't expand refinery capacity and the first concentrator has been successful,\" Jefferies says. It rates Wesfarmers's stock a hold with a A$73.00/share price target. Wesfarmers ended Wednesday at A$89.90. 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However, Jefferies suggests the full benefits from doubling capacity of the mine and concentrator remain to be seen. \"With significant uncertainty and volatility in lithium prices, it is unclear whether Wesfarmers will generate an acceptable return on its circa A$3 billion total project investment,\" Jefferies analyst Michael Simotas says. It notes the hydroxide refinery isn't yet proven. \"But the expansion plan carries less operating risk given it won't expand refinery capacity and the first concentrator has been successful,\" Jefferies says. It rates Wesfarmers's stock a hold with a A$73.00/share price target. Wesfarmers ended Wednesday at A$89.90. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 22, 2026 19:33 ET (23:33 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4220","symbol_name":"综合零售","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2653948297","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2653948297","pubTimestamp":1784763180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2330 GMT [Dow Jones]--Wesfarmers's expansion of its Mt Holland lithium project wasn't really in doubt. However, Jefferies suggests the full benefits from doubling capacity of the mine and concentrator remain to be seen. \"With significant uncertainty and volatility in lithium prices, it is unclear whether Wesfarmers will generate an acceptable return on its circa A$3 billion total project investment,\" Jefferies analyst Michael Simotas says. It notes the hydroxide refinery isn't yet proven. \"But the expansion plan carries less operating risk given it won't expand refinery capacity and the first concentrator has been successful,\" Jefferies says. It rates Wesfarmers's stock a hold with a A$73.00/share price target. Wesfarmers ended Wednesday at A$89.90.  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It notes the hydroxide refinery isn't yet proven. \"But the expansion plan carries less operating risk given it won't expand refinery capacity and the first concentrator has been successful,\" Jefferies says. It rates Wesfarmers's stock a hold with a A$73.00/share price target. Wesfarmers ended Wednesday at A$89.90. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 22, 2026 19:33 ET (23:33 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}