Lithium loses its lustre

THE lithium bust has claimed another victim as Pilbara Minerals tells contractor Maca to suspend operations at Pilgangoora and 36 workers get their marching orders.

Lithium loses its lustre Lithium loses its lustre Lithium loses its lustre Lithium loses its lustre Lithium loses its lustre

MACA executive director Geoff Baker and Pilbara Minerals CEO Ken Brinsden at the official opening of Pilgangoora in November 2018

The price of spodumene has shed 40% in the past year due to oversupply issues and delays in expanding China's chemical conversion capacity.