Lithium Production Slashed in Australia Due to Oversupply and Weak Prices
- Production cuts at Greenbushes lithium mine in WA due to weak global lithium market
- Output estimate revised down from 1.4-1.5 million tonnes to 1.3-1.4 million tonnes
- Sales expected to be 20% lower than production
- Latest in series of negative news for WA's critical minerals sector recently
- Analyst says could take 2-3 years for lithium prices to rebound