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Lithium leader’s profit crushed after price collapse

Pelican Press

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Lithium leader’s profit crushed after price collapse

The collapse in lithium prices has crushed full-year profits at Australia’s leading producer, Pilbara Minerals, and denied shareholders any dividends.

The world’s largest independent hard-rock lithium operation on Monday reported an 89 per cent plunge in net profit to $257 million for the year to June 30.



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#Lithium #leaders #profit #crushed #price #collapse

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