Core Lithium hitting the market for cash as ramp up challenges strike Finniss lithium project
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There is no shortage of lithium companies facing ramp-up challenges at all ends of the market, from spodumene through to downstream chemicals.It’s all served as a reminder to those expecting a flood of new lithium products to hit the market that suppliers always face challenges as they enter production, with recoveries rarely matching study expectations.The latest new miner in the market, Core Lithium (ASX:CXO), entered a trading halt for a capital raising today, less than a year after raking in $100 million in fresh equity to support the completion of its Finniss lithium mine near Darwin.The project shipped its first spodumene concentrate in the June quarter, producing 3589t and 14,685t in March and June […]
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