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Australia’s largest lithium mine flags output cut on weak China demand

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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.

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Elouise Fowler is a journalist for The Australian Financial Review based in the Melbourne office. Connect with Elouise on Twitter. Email Elouise at elouise.fowler@afr.com.au
Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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    Original URL: https://www.afr.com/companies/mining/australia-s-largest-lithium-mine-flags-output-cut-on-weak-china-demand-20231030-p5efzn