Australia's Core sells remaining lithium stockpile

: Metals
26/09/04

Australian producer Core Lithium has agreed to sell its remaining 25,000t of lithium fines from its Finniss stockpile in the Northern Territory (NT) to trading firm Glencore International.

The sale has a base price of approximately $285/t cif, based on indicative lithium oxide content, Core said on 4 September.

The shipment will take place in September via Darwin port. The company did not disclose a shipment destination.

Core sold the first 20,000t batch of fines from the stockpile to Glencore for $290/t cif in April, and the second 25,000t batch of fines to Glencore for $270/t in June.

Following the recovery in lithium prices since December last year (see graph), the company restarted mining at the Grants open pit at its Finniss Lithium Operation in May, marking the end of a two-year closure.

The company also acquired the Bynoe lithium project in June. Bynoe is located next to Finniss in the NT. The tenement is still under exploration, but Core hopes that it may extend Finniss' 20-year mine life.

Argus assessed 6pc spodumene fob Australia at $2,202/t on 1 September, more than doubling on the year.

By Daniel Gage-Brown

Australian SC6 prices 2025-26 $/t

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