Shuttered lithium mines are restarting production and merger and acquisition activity is picking up as the price of the key component in portable electronics rebounds.
Core Lithium on Wednesday announced it had recommenced mining at its Finniss lithium operation, south of Darwin, which had been placed into care and maintenance mode in mid-2024 after just two years of operations.
The first ore is expected to be processed in the September quarter, with a first shipment targeted for the December quarter, managing director Paul Brown said.
A day earlier, Mineral Resources said it would restart production at its Bald Hill lithium mine in Western Australia, which was similarly placed in care and maintenance mode in November 2024.
The restart is expected to create around 370 new jobs.
