Lithium suppliers seek to rein in price discounts in 2025 talks
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.
Sampling by Aussie miner Marmoa Energy (ASX:MEU) at its Durkin copper-nickel prospect in South Australia has uncovered larger amounts of high grade ore than previously reported.
According to Proactive Investors grades as high as 2,050 parts per million (0.2%) copper have been obtained, while multiple sites have returned assays in excess of 1,000 parts per million copper.
The fresh results boost the outlook for copper-nickel mineralization in the area, and the company has already submitted a drilling proposal for approval from regulators.
