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MinRes calls bottom on lithium as price pain spreads to...

  1. gememde
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    16/09/24
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    Post #: 75684763

    MinRes calls bottom on lithium as price pain spreads to China

    Brad Thompson, Elouise Fowler and Alex Gluyas
    Sep 11, 2024 – 5.07pm




    The move by a big Chinese lithium force to shut down its operations to survive the commodity price collapse is a strong indicator that the market for the battery metal has finally bottomed out, Mineral Resources has declared.

    Lithium stocks jumped sharply on Wednesday based on unconfirmed reports that China’s CATL had decided to suspend its lithium lepidolite operations in Jiangxi. Lepidolite is a source of lithium ore typical in China’s geology, which is more energy-


    LTR Price at posting: 67.0¢ Sentiment: Hold Disclosure: Held
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