Hyperdrive

Lithium Miners Sound Alarm as EV Struggles Pile on Pressure

A slew of corporate reports from lithium producers has thrown a fresh spotlight this week on an industry riven by write-downs, cost controls and hard choices as the world’s electric-vehicle transition runs into headwinds.

Australia’s IGO Ltd. and Mineral Resources Ltd. flagged potential impairments, Pilbara Minerals Ltd. stressed cost-cutting efforts, and Liontown Resources Ltd. said it had to resell some material originally earmarked as offtake for Ford Motor Co.