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.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.