Wodgina in care and maintenance
MINERAL Resources (ASX: MIN) and Albermarle have mothballed the Wodgina lithium project in the Pilbara to wait out the lithium price slump after finalising the establishment of the unincorporated MARBL JV. The MARBL JV (60:40 Albermarle MIN), has joined a growing number of developments cutting back, or halting lithium production to wait for better prices as the US-China trade wars and the stalled EV boom continues to frustrate the international market. MIN said that it will take about four weeks to transition to care and maintenance. During that time, Albermarle will manage the marketing and sale of spodumene concentrate, and under the terms of the JV, will continue to manage it once Wodgina goes back into production. Mineral Resources managing...