Sibanye Stillwater (US:SBSW) Wen Hua Cai Jing·2026-01-21 08:02Group 1 - Sibanye Stillwater has completed a multidisciplinary assessment of the Keliber lithium project in Finland, which is considered the most advanced integrated lithium project in Europe [2] - The Keliber project aims to produce approximately 15,000 tons of battery-grade lithium hydroxide (LiOH) annually over an 18-year period [2] - The project has been designated as a strategic project by the EU, aligning with the EU's Critical Raw Materials Act (CRMA) [2] Group 2 - The construction phase is expected to be completed by the first quarter of 2026, with total capital investment estimated at approximately €783 million [2] - Sibanye and its strategic partner, Finnish Minerals Group, have agreed that a phased approach to the Keliber project is the best way forward given current market conditions [4] - This phased approach aims to reduce project start-up risks by ensuring operational readiness in mining and beneficiation before refining plant commissioning [5] Group 3 - Finnish Minerals Group is preparing to participate in the project according to its 20% equity stake to secure additional financing needed during the start-up phase [6] - The CEO of Sibanye Stillwater emphasized that the phased acceleration plan ensures responsible advancement of the Keliber project while balancing market realities and stakeholder interests [6] - Significant investments have been made during the price cycle to complete the construction phase of the Keliber project, ensuring regional supply for the EU battery value chain [6]