With demand for lithium in battery production skyrocketing, lithium chemicals continue to attract extremely high prices across the globe, particularly affecting major battery producers like China.Ĭhina’s reopening has further strengthened MIN’s financial position as iron ore prices have rallied 17% this year. Through ownership joint ventures, MIN can leverage its expertise in spodumene extraction when investors are losing patience with the long lead time and spiking development costs of lithium extraction from brine salts. MIN synergies in hard rock extraction have been extended to the operation of two of the world’s largest lithium ore (spodumene) assets. MIN operates as a mining services company in Australia, China, Singapore, and internationally, but the lithium sector draws the most column inches.
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