Lithium mining leader reports losses, Australian lithium mining stocks plunge.
According to the Zhicheng Finance APP, the stock prices of Australian lithium mining companies have plummeted significantly. The reason is that the country's two largest battery metal producers announced a combined loss of $1.2 billion in the first half of the year due to a sharp drop in prices. IGO's stock price in Sydney dropped by as much as 8.4%, while Mineral Resources also fell by as much as 6.1%. Even companies that did not announce their performance on Thursday were not spared from this wave of decline. Pilbara Minerals fell by as much as 4.3%, while Liontown Resources fell by 5.4%.
Latest