Core Lithium CEO quits as share, battery metal prices keep falling

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Despite halting mining on Jan. 5 at its Finniss lithium operation in Australia’s Northern Territory, the company continues processing existing ore stockpiles to maintain spodumene concentrate production. Credit: Core Lithium

“Despite the sharp drop in lithium prices, we’ve improved production and efficiencies, producing 49,530 tonnes of spodumene concentrate in the latter half of 2023,” outgoing CEO Gareth Manderson said. His tenure was marked by developing efficient operations and fostering a culture focused on safety, professionalism, and accountability, the company said in a Tuesday release.

Core produced 49,530 tonnes of spodumene concentrate in H2 2023, improving production and efficiencies despite the drop in lithium prices.

 

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