....another sign they won't be profitable for FY24 and FY25. New...

....another sign they won't be profitable for FY24 and FY25.
New miner Liontown Resources lays off executives, staff in tough lithium market

Simone GroganThe West Australian
Thu, 3 October 2024 10:16AM

WA’s newest lithium producer has been forced to cut some 30 jobs from its West Perth headquarters almost immediately after sending off a maiden shipment from its Kathleen Valley mine.

As first reported by The Australian, Tony Ottaviano’s Liontown Resources on Tuesday axed about a third of its head office staff, as lithium prices continue to languish in a market many believe is oversupplied as the take-up of electric vehicles lags behind expectations.