Race on to dig new zinc mines as old ones run dry

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.

Global gold production will peak at about 3,250 tonnes (105 million oz.) next year, according to CRU's Oliver Blagden.

Indonesia is now considering deep cuts to nickel mining quotas as it seeks to boost slumping prices of the metal.