Australia’s top lithium mine to trim output

Original article by Peter Ker
The Australian Financial Review – Page: 11 : 30-Jan-24

IGO has confirmed that production at the Greenbushes lithium mine in Western Australia would be likely to be "marginally reduced" over the next five months, with Greenbushes being Australia’s biggest and most lucrative lithium mine. IGO and Tianqi own 51 per cent of Greenbushes under a joint venture, with the remaining 49 per cent owned by New York-listed Albemarle. The owners of Greenbushes place a priority on the production of battery-grade lithium chemicals, and with reduced demand for battery-grade lithium chemicals resulting from weaker-than-expected electric vehicle sales, Albemarle and Tianqi have elected to order less lithium from Greenbushes.

CORPORATES
IGO LIMITED – ASX IGO, TIANQI LITHIUM CORPORATION, ALBERMARLE CORPORATION

Leave a comment