NewsFlash / Cobalt & Lithium / Australian Mining Firm Mineral Resources Posts Annual Loss of A$904M Amid Debt, Management Uncertainty, and Lithium Price Plunge
Australian Mining Firm Mineral Resources Posts Annual Loss of A$904M Amid Debt, Management Uncertainty, and Lithium Price Plunge
iconAug 29, 2025 14:08
Source:SMM
Australian mining company Mineral Resources has reported an annual loss of A$904 million (approximately US$588 million), a significant deterioration from a profit of A$125 million in the previous year. The iron ore and lithium producer, burdened by heavy debt, has sparked investor concerns due to uncertainties surrounding its management succession plan, coupled with an 86% plunge in lithium prices from their 2022 peak, leading to asset writedowns.
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