Min resources awaiting higher prices before expanding lithium production. $5B in debts , share price in retreat. Don't think Min will be a partner for LKE.
The company produced 218,000 dry metric tonnes (dmt) of spodumene or lithium ore concentrate at the Mt Marion mine and 201,000 dmt at the Wodgina mine for the year, up 46% and 41%, respectively, from the previous year.
In April, the company said that lithium prices were improving but was holding off expanding production until prices make a sustained recovery.
https://www.*****.com/news/off-the-wire/2024-08-28/mineral-resources-posts-annual-profit-slump-weaker-lithium-prices
Min resources awaiting higher prices before expanding lithium...
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Last
3.9¢ |
Change
0.001(2.63%) |
Mkt cap ! $65.07M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 4.0¢ | 3.8¢ | $198.0K | 5.110M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 2870891 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 2084019 | 13 |
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| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| LKE (ASX) Chart |