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GANFENGLITHIUM Rallies ~7% at Midday; World's Largest Lithium Mine Cuts Full-Yr Output Forecast
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Australian mining company IGO has axed its full-year output forecast for Greenbushes, the world's largest hard-rock lithium mine, from 1.5-1.65 million tons to 1.38-1.43 million tons. IGO based its decision on a number of systemic issues that need time to resolve, including challenges related to safety performance, ore grades, recovery rates, maintenance, and plant reliability. Greenbushes is 51%-owned by a joint venture between IGO and TIANQI LITHIUM (09696.HK). TIANQI LITHIUM surged 5.44% to HKD60.1 at midday, with a volume of 6.685 million shares, involving HKD389 million. GANFENGLITHIUM (01772.HK) also ended the midday up 6.99% at HKD80.4, with a volume of 7.6449 million shares, involving HKD594 million. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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