This should help HAS SP NOT given their Wyloo connection15 Jan 2024 12:54
Core Lithium's (ASX: CXO) decision to close its Grants mine in the Northern Territory has stoked concerns of more mine closures amid a major downturn in battery metal prices.
An article by the AFR called out those that are most at risk of closure this year, including:
First Quantum Minerals and POSCO's Ravensthorpe nickel and cobalt mine
Arcadium Lithium's Mt Cattlin lithium mine
Consolidated Minerals' Woodie Woodie manganese mine
Mineral Resources' Bald Hill lithium mine
Andrew Forrests' Wyloo Metals
Glencore's Mt Isa zinc, lead, silver and copper project.
But the reality is that the sector has been in deep pain for quite some time, especially for small-to-mid-cap stocks. It just took Core Lithium's fall to grab everyone's attention. In this piece, we'll recap some of the major mine closures, project standstills and strategic reviews from the past 12-24 months (that have probably flown under the radar).