Core Lithium sells stockpile to Glencore, eyes Finniss restart
Core Lithium’s Finniss project in northern Australia. Credit: Core Lithium
Core Lithium Ltd. has sold a stockpile of ore from its idled Finniss mine in Australia to Glencore Plc, raising cash to support a potential restart of the project.
The miner shuttered Finniss in early 2024, when it began operating at a loss as prices for lithium sank.
Core Lithium Ltd. has sold a stockpile of ore from its idled Finniss mine in Australia to Glencore Plc, raising cash to support a potential restart of the project.
The miner shuttered Finniss in early 2024, when it began operating at a loss as prices for lithium sank.
Prices of spodumene concentrate, produced from the type of hard-rock lithium mined in Australia, have rebounded in recent months to more than triple levels of around $600 a ton in June and July last year. The apparent recovery, after a protracted slump, has prompted miners to assess project restarts and expansions.
