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Friday, 02/24/2023 5:32:05 AM

Friday, February 24, 2023 5:32:05 AM

Post# of 29427
Lithium Producers Defy Mining Sector Slump With Surging Profits
https://finance.yahoo.com/news/lithium-producers-defy-mining-sector-012645433.html

Pilbara Minerals Ltd., one of the nation’s top producers, and Allkem Ltd. both said net income jumped more than 10-fold in the second half of 2022 from a year earlier. Price gains in the period helped them to offset the inflationary pressures and tight labor market that saw mining giants Rio Tinto Group and BHP Group Ltd. report sharp drops in profit earlier this week.

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