Mineral Resources Stock Gains as Lithium Peers Fall Post Bald Hill Restart
Mineral Resources Ltd shares jumped past the overall Australian market on news the company will restart the Bald Hill lithium mine in Western Australia, moving to bring the shuttered mine online as battery-material prices turn higher. Shares closed at A$65.74 Tuesday, up 2.56%. The stock had dropped to A$63.44 earlier in the session. Bald Hill went into care and maintenance in November 2024. That means the site was kept idle but maintained, with the idea it could restart if needed. Lithium prices were low at the time, so running the mine didn't make sense. Mineral Resources said the new decision came after what it called a “significant and sustained” bounce in prices.