Aussie miner halts lithium line as woes mount

Industry issues: A mine worker oversees work in progress in Australia. The country’s corporate watchdog, the Australian Securities and Investments Commission, is also investigating Mineral Resources and Ellison. — Bloomberg

CANBERRA: Embattled Australian miner Mineral Resources Ltd will immediately shut its Bald Hill lithium project, citing the crash in prices of the key battery material.

The Western Australia mine, capable of producing 150,000 tonnes of spodumene concentrate a year, was acquired by Mineral Resources last year.