Company posted a nearly 11-fold jump in half-year net profit, boosted by spodumene production at its Pilgangoora plant.

One of the conditions under the deal would allow Mineral Resources to increase its stake in the Wodgina lithium mine.

The supply shortage and expectations of increasing Chinese demand are likely to provide a solid base for further gains, writes Clyde Russell.

BHP flagged a brightening demand outlook in the top steel producer country.

Lithium carbonate in China has tumbled almost 30% since touching a record in November.

Lithium miner said it now expected fiscal 2023 spodumene concentrate production from Mt Cattlin in the range of 114,000 tonnes to 124,000 tonnes.

Agreement is for a minimum three-year term to supply up to 35,000 terapascal anode active materials beginning February 2025.