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MinRes calls bottom on lithium as price pain spreads to China

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The move by a big Chinese lithium force to shut down its operations to survive the commodity price collapse is a strong indicator that the market for the battery metal has finally bottomed out, Mineral Resources has declared.

Lithium stocks jumped sharply on Wednesday based on unconfirmed reports that China’s CATL had decided to suspend its lithium lepidolite operations in Jiangxi. Lepidolite is a source of lithium ore typical in China’s geology, which is more energy-intensive and expensive to mine than the hard rock of Western Australia.

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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
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
Alex Gluyas is a markets reporter based in our Melbourne newsroom. Connect with Alex on Twitter. Email Alex at alex.gluyas@afr.com

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    Original URL: https://www.afr.com/companies/mining/minres-calls-bottom-on-lithium-as-price-pain-spreads-to-china-20240911-p5k9pj