Liontown Resources, an Australian lithium miner, cuts costs and delays investments amid industry challenges.

Liontown Resources, a lithium miner in Australia, has become more cautious amid the "lithium winter." The company led by CEO Tony Ottaviano is cutting costs and delaying some investments to focus on higher-grade areas. Liontown aims to have its mill operating at 2.8 million tonnes annually by 2027 and is targeting lower unit operating costs. Despite facing financial challenges, the company believes it can quickly scale up to meet future market demand.

November 11, 2024
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