Arcadium Lithium suspends Mt Cattlin mine operations due to lithium price decline, transitioning to Care & Maintenance by mid-2025.

Arcadium Lithium will suspend operations at its Mt Cattlin spodumene mine in Western Australia due to declining lithium prices, transitioning to Care & Maintenance by mid-2025. This move is expected to boost net cash flow by $75-$100 million in 2024-2025. While the mine will not close permanently, Arcadium plans to explore underground mining to extend its life. The decision reflects a strategic shift to more profitable assets amid ongoing challenges in the lithium market.

September 05, 2024
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