Greenbushes, Australia’s largest hard rock lithium mine, may be forced to reduce productionas prices for the key battery metal collapse on lower Chinese electric vehicle sales.
Greenbushes is 51 per cent owned by a partnership between ASX-listed IGO and Tianqi, a Chinese lithium giant. New York-listed Albemarle owns the remaining share. The outlook was disclosed by IGO to investors on Monday.
Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com