Mineral Resources Stock Gains as Lithium Peers Fall Post Bald Hill Restart
Mineral Resources Ltd shares rose 2.56% to A$65.74 Tuesday after announcing plans to restart the Bald Hill lithium mine in Western Australia, targeting first concentrate in July with restart costs of about A$20 million. The S&P/ASX 200 closed up 1.17%. Bald Hill was idled in November 2024 due to weak prices but will resume as lithium prices recover. The restart is expected to create about 370 jobs.