Lithium boss says prices for Australia’s ‘white gold’ may have...

Lithium boss says prices for Australia’s ‘white gold’ may have bottomed
Story by Nick Toscano
• 17h • 3 min read

Pilbara Minerals chief executive Dale Henderson flagged that 2025 would be a unique year for the business as it expanded mining activities and pursued continued efficiency upgrades.
He said the company continued to face strong demand from its major customers and suggested the plunge in global lithium prices may have bottomed out due to the closure of some higher-cost mines this year.
“Obviously, it is incredibly hard to predict what is the bottom of the market,” Henderson said.

“However, I do take a lot of comfort from the fact that we have seen other supply sources come out of the market during the March quarter.”

While there remained a risk prices may not improve immediately, Henderson said the company did not see “any reason for it to go lower”.
“At the end of the day, this is a young growth market – it’s been volatile historically, incredibly hard to predict,” he said.

Lithium boss says prices for Australia’s ‘white gold’ may have bottomed (msn.com)