Mineral Resources’ Bald Hill Watch: Job Ads Put a Lithium Restart Back in Play
Mineral Resources Limited drew attention once more after Jefferies highlighted a spike in job ads near Kambalda, suggesting Bald Hill could be next up for a lithium restart. Analyst Mitch Ryan at Jefferies projects the site will resume in the second quarter of fiscal 2027, ramping to roughly 1.2 million tonnes a year by the next quarter. He maintains a hold on the shares. “Bald Hill’s capacity, simplicity and adjacency to Mt Marion leave us optimistic,” Ryan said. Timing is key here. Spodumene concentrate—a lithium-rich material used for battery chemicals—picked up in April. Deloitte’s WA Index put late-April prices close to $2,435 a tonne, climbing from $2,043 in March. That’s shifted the math for Australia’s shuttered mines, which had been
