Casualties mount in lithium’s spodumene bear market

The Australian Financial Review has reported that Western Australia’s Altura Mining has entered receivership having struggled to service debts in excess of AUS $200 million.

Altura and its fellow spodumene producers have been under pressure from falling spodumene prices, which have dropped to $375/tonne (6% Li2O, FOB Australia) in September 2020, down from a peak of $915/tonne in June 2018 as assessed by Benchmark’s Lithium Price Assessment.

Benchmark’s Lithium Forecast shows that Altura’s Pilgangoora mine supported 8,800 tonnes LCE (lithium carbonate equivalent) in . . .

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