Weaker-than-expected EV sales prompt Australia’s biggest lithium miner to cut production
by Jonathan Barrett from World news | The Guardian on (#6J8SJ)
Australia's aspirations to profit from global demand for electric vehicles are taking a hit thanks to a price crash for crucial battery minerals, such as lithium and nickel
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The joint venture partner in Australia's largest lithium mine is reducing production of the important battery mineral, and halting one of its nickel operations, as plunging prices threaten to overwhelm a sector crucial to the electrification of the automotive industry.
Perth-based IGO has confirmed production cuts to its Greenbushes operations, located near the tiny West Australian timber and mining town the mine is named after, because of subdued demand for battery-grade lithium chemicals.
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