Column: Electric dreams turn into a nightmare for battery metals
A sector that was once racing to build new supply has been closing mines and deferring projects as low prices bite into the cost curve.
The Australian stock exchange on Monday announced a trading halt on shares of Pilbara Minerals Ltd, pending an announcement from the lithium miner regarding an incident at a site that requires investigation.
Pilbara requested the halt until the start of trading on Wednesday, Nov. 13.
The West Perth-based company operates the Pilgangoora Lithium-Tantalum Project and Mount Francisco, both in Western Australia.
Shares of the miner were down as much as 3% in early trade, before the halt was placed.
(By Niyati Shetty; Editing by Christian Schmollinger)
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