What we learnt: MinRes can’t keep up with lithium price

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Mineral Resources struggles to keep up with lithium’s price boom, Temple & Webster sparks relief and IDP Education goes big in India.

Mineral Resources executive chairman Chris Ellison can’t quite believe what’s happening in lithium markets.

But he doesn’t believe the lithium price is “going to have a crash landing” given the explosion in demand in the past few years.“Today, if you’re not making an electric car, you’re not going to be in business,” he said. MinRes will turn on the previously closed Wodgina lithium mine in the coming months as it charges towards being one of the world’s top five lithium producers.

 

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