Lithium rally promises breather for struggling Australian miners | Metals Mine

  • Lithium rally promises breather for struggling Australian miners

    From miningweekly.com

    A recent rally in lithium prices could ease pressure on some beleaguered producers in Australia who have been trying to shrink exposure to the battery material, prompting them to drop plans to sell some projects, sources and analysts said. Shares in Australia’s lithium miners have jumped by as much as a third this month and extended gains this week after news of supply cuts in China sparked hopes that the cycle was turning. That follows a years-long fall in prices because electric vehicle sales were slower than expected, forcing lithium companies to mothball operations and more recently to consider disposing of ... (full story)

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