B&A pulls out of talks to buy BHP stake in Guinea iron project

The transaction has faced stiff resistance from politicians and the United Steelworkers (USW).

The miner plans to offer more lower-quality iron ore to adapt to the needs of a battered steel industry.

Hopes of more fiscal stimulus from the upcoming Central Economic Work Conference in China helped prices.

It would produce 53,000 tonnes of battery-grade lithium carbonate annually over a 40-year mine life, with plans to expand to 60,000 tpy.