2334 GMT - The Greenbushes lithium mine jointly owned by IGO, Tianqi and Albemarle has the most competitive costs of any major Australian hard-rock operation, even when calculated using different measures, Macquarie analysts say. Pilbara Minerals' Pilgangoora mine has the second-lowest C1 unit costs, which remain at a low level with sustaining capex included, the analysts say in a note. By contrast, Mineral Resources has cash costs that are estimated to be above current spodumene prices when sustaining capex is included, they say. The miner has flagged measures that could help to reduce costs. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
November 24, 2024 18:34 ET (23:34 GMT)
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