Mineral Resources to temporarily close its Bald Hill lithium mine, resulting in 300 job losses.
Mineral Resources, an Australian mining company, will temporarily close its Bald Hill lithium mine in Western Australia, leading to the loss of 300 jobs. The decision is due to the significant drop in lithium prices since 2023, influenced by oversupply and slower growth in electric vehicle sales. The mine will be placed on care and maintenance, with the company optimistic about its long-term future.
November 13, 2024
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