Fledgling lithium producer Core Lithium [ASX:CXO] is down 10% in early trade on Friday after a strategic review update. With ‘weak market conditions continuing’, Core will suspend mining in the Grants open pit. Processing of stockpiles will continue. Management explained: ‘Core has decided to continue processing of established ore stockpiles and temporarily suspend mining operations in the […]
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ASX News LIVE | XJO Ends Flat, Core Lithium Pauses Mining, BlueBet In Merger Talks, Bitcoin Seesaws
ASX 200 ends flat. Core Lithium pauses mining operations. BlueBet rises on merger talks. Bitcoin seesaws.
Core Lithium’s review of operations throws Lake Resource’s DFS assumptions in doubt
We got some big updates in the lithium sector this week. First Lake Resources finally released its long-delayed DFS. And today Core Lithium announced a review of operations that may involve suspending mining operations. But the gloom of Core’s announcement flies in the face of optimistic assumptions in Lake’s DFS. While Core is floating the […]
Core Lithium sinks 20%, initiates review of operations that may include suspending mining operations
New lithium producer Core Lithium [ASX:CXO] is down ~20% after initiating a review of operations following the collapse of lithium prices. Core Lithium said the strategy review will ‘address the deterioration in lithium market conditions’. Spodumene concentrate prices fell more than 80% year to date, just as Core began producing. Options canvassed include suspending mining operations. […]
Lithium stocks rebound on Wednesday
Beaten up lithium stocks are catching a bid today. Sayona Mining is up 12% Core Lithium is up 10% Ioneer is up 9% Delta Lithium is up 6.5% Liontown Resources is up 3% But most mentioned are deep in the red this year. Sayona is down 63%. Core Lithium is down 65%. Ioneer is down […]
Lithium stocks take a beating
Lithium stocks are cratering. Yesterday, many prominent lithium stocks hit new lows. Stocks like Pilbara Minerals, IGO, Allkem, Sayona Mining, Core Lithium, Lake Resources, and Piedmont Lithium. Once the hottest thing in town, now far from it. Plenty of #ASX stocks are hitting 52-week lows. – $WDS – $PLS – $IGO – $AKE – $MTS – $NIC – […]