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| Mineral Resources (MinRes) |
Mineral Resources (MinRes) remains on track to meet its 2025 financial year spodumene concentrate targets. However, the company is adjusting output to prioritize higher-purity production amid a softening lithium market.
Production Adjustments and Grade Prioritization
MinRes aims for 420,000-460,000t of spodumene concentrate shipments, down from 487,000t in 2024. First-half shipments reached 261,000t, but will decrease due to the Bald Hill plant's November shutdown. The company increased average concentrate grade at Mt Marion, while grades at Bald Hill and Wodgina fell. Revenue per tonne rose in Q4, driven by grade improvements, despite a year-on-year drop. MinRes targets higher grades to counter falling lithium prices.
Cost Management and Strategic Partnerships
Furthermore, operating costs at all MinRes lithium sites currently exceed 2025 guidance. The company will reduce costs by implementing rostering and mine plan changes at Mt Marion and Wodgina. MinRes is collaborating with Livium to commercialize lithium recovery technologies, aiming to boost productivity. MinRes is not alone in cutting spodumene production. Arcadium Lithium will place its Mount Cattlin mine on care and maintenance, potentially impacting market prices.
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