MinRes won’t undertake more lithium M&A in next year given low prices

Australian diversified miner Mineral Resources is highly unlikely to take on further buyouts in the next 12 months given its existing holdings and low prices, managing director Chris Ellison said on Thursday.

“Look, it’s highly unlikely that we’d be looking at any acquisitions of any kind over the next 12 months. We’re basically in super conservative mode, and we’re just managing the business … the current environment is that we’re down on commodity prices.”

(By Melanie Burton; Editing by Sandra Maler)