Australia’s Mineral Resources Ltd said on Friday its newly formed joint venture with Albemarle Corp had decided to pause operations at the Wodgina Project due to “challenging” lithium market conditions. Australian lithium producers had earlier this year flagged weak market conditions for the rest of 2019 amid reduced demand from Chinese customers after a change in the country’s electric vehicle subsidies, and global trade tensions. Mineral Resources, which today concluded the sale of a 60% interest in Wodgina to Albemarle, said the transition to care and maintenance at the project would take about four weeks. …read more
Source:: Yahoo Finance
