Australia’s spodumene backlog sparks 2020 cutbacks

Galaxy Resources have announced plans to scale back operations by approximately 60% at its Western Australian Mt Cattlin mine in 2020, as market conditions continue to take their toll on Australia’s spodumene producers.

Further illustrating the problems facing Australian spodumene production, SQM and its investment partner Wesfarmers Limited have said they will defer the final investment decision for the Mt Holland project until the final quarter of 2021.

Through 2019 the Benchmark Minerals Spodumene (6% Li2O) FOB Australia fell 45% to a mid-price of $480 per tonne. Further pressures . . .

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