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Lithium mine project hurdles will drive prices higher – Sibanye CEO

Lithium mine project hurdles will drive prices higher – Sibanye CEO

EUROPE will struggle to secure domestic supplies of vital battery mineral lithium due to permit delays and local opposition to projects, driving prices higher, Sibanye Stillwater CEO Neal Froneman said. Prices for battery-grade lithium have declined but remain at historically high levels and the market is forecast to move to mounting deficits from 2025 onwards, according to SFA Oxford analysts. Permitting problems and opposition by local groups had derailed a project in Serbia and jeopardised projects in Portugal and Spain, SFA Oxford analysts told a briefing. Diversified miner Sibanye is developing its 80% owned Keliber lithium project in Finland at an…
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Anglo CEO says miners must make “tough decisions” to remain profitable

Anglo CEO says miners must make “tough decisions” to remain profitable

ANGLO AMERICAN CEO Duncan Wanblad said that mining companies have to confront tough decisions such as cutting costs as weak metal prices hit earnings, a day after the group announced plans to shed an undisclosed number of jobs. The industry, including South Africa, where Anglo owns iron ore, platinum and diamond mines, is going through "challenging times", Wanblad said in a virtual address to a South African mining conference. "We know that securing long-term competitive advantage and establishing a more resilient platform involves tough choices along the way," Wanblad said. Weaker metals prices and concerns of a global economic slowdown…
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