Upcoming quarterly report is to be released next Friday. Production cost and quality issues are the keys to watch.
One of the largest producers, Pilbara Minerals, also had to abandon plans to sell a 49 per cent stake in the company, its chief executive Ken Brinsden said. It has since had to lay off staff and operate at reduced capacity. “The market just beat us down,” said Mr Brinsden, a former executive in the iron-ore mining industry. Spodumene is currently trading at $480 a tonne, according to Benchmark Minerals Intelligence. If it drops to $400 that will become “very tough” for Australian miners, Mr Brinsden said. The price is “getting close to a bottom”, he added.
https://www.ft.com/content/78274a5c-33c2-11ea-a329-0bcf87a328f2
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