Hengdian East Magnetic Subsidiary to Invest 5.269 Billion Yuan in Lianyungang Photovoltaic Projects

Core Lithium announced that it has entered into a binding sale and purchase agreement with Glencore International AG for the sale of 25,000 tonnes of lithium DSO fines from the existing stockpile at the Finniss Lithium Operation. The sale has a base price of approximately US$270/t CIF, with shipment expected to take place in June 2026 via Darwin Port.This marks the second sale from the Finniss lithium fines stockpile, following Core's initial 20kt fines sale to Glencore announced in April 2026. The company stated that the transaction is part of its ongoing strategy to monetize stockpiled material and generate cash flow, alongside mining and development activities at Finniss. Total revenue from lithium sales in 2026 is expected to reach approximately A$28.5 million.On the restart progress, the Finniss project received full approval for restart in March 2026. Mining is currently underway at the Grants open pit, while development at BP33 is advancing in parallel. Bulk earthworks for non-process infrastructure (NPI) continue to progress, with the power station pad complete. Underground decline development remains on track to commence in July 2026. Core is actively exploring pathways for the sale of the remaining ~30kt fines stockpile.

As of June 10, market sources indicated that the transaction price for China spot sulfur broke through 10,000 yuan/mt on the day. SMM EXW Shandong Sulfur quotation range was 9,307-10,000 yuan/mt, while SMM CIF Indonesia Sulfur quotation range was $1,250-1,300/mt, with the price center continuing to shift upward. The supply-side tightness remained unchanged, and short-term prices still faced upward pressure.