Leading mining services and mining company Mineral Resources (ASX: MIN) says 6% spodumene concentrate shipments from its half-owned Mt Marion lithium project south of Kalgoorlie will be priced at $US608.95 per dry tonne during the September quarter. The price is down from $US682.38/t received in the June quarter, another sign of the tough trading conditions facing the entire ASX-listed lithium sector. Despite the softer price, MinRes said that Mt Marion remained “a profitable and highly valuable long-life lithium asset” for the company.
Mineral Resources Limited (ASX: MIN) (“MRL” or the “Company”), on behalf of Reed Industrial Metals Pty Ltd which owns and operates the Mt Marion Lithium Project (“Mt Marion”) advises that the sale price for 6% spodumene concentrate shipments for the quarter ended 30 September 2019 will be US$608.95 per dry metric tonne (“dmt”) compared with US$682.38 per dmt for the quarter ended 30 June 2019.
Mt Marion remains a profitable and highly valuable long-life lithium asset for MRL.
Reed Industrial Metals Pty Ltd is owned 50% by MRL and 50% by Ganfeng Lithium Co. Ltd (SZAE: 002460).