Anglo looking for new coal assets

Rival Young Poong and private equity firm MBK Partners have been trying to take over the world's biggest zinc refiner.

The past year has been torrid for lithium, as a global slowdown in the pace of EV adoption left the market saddled with a glut.

The JV experienced a build in lithium hydroxide inventory at Kwinana over recent months.

The group said it will consider the base metals business demerger at a later stage.