With no recovery in sight, lithium prices force miners to reevaluate output
The price of the material that’s vital to the energy transition has plunged by around 80% since late 2022.
Advantage Lithium Corp said on Thursday it has temporarily replaced Chief Executive David Sidoo after he was arrested last week by U.S. authorities as part of a sweeping college admissions scheme.
The company, which is developing a lithium project in Argentina, has named board member Callum Grant as its interim president. “All plans are the same to put Advantage into production at some point,” spokesman Max Sali told Reuters.
(By Ernest Scheyder and Cassandra Garrison)
