Core Lithium achieves first production at Finniss mine after restart
Core Lithium restarted its Finniss lithium mine in Western Australia and began its first production run, while the broader Australian stock market fell on rising bond yields.
Core Lithium successfully restarted its Finniss lithium project in Western Australia and commenced first production. The operational restart involved bringing the site back to speed following downtime. Meanwhile, the S&P/ASX 200 index declined by approximately 0.6% during the Australian stock market's midday session on Tuesday. Financial conditions remained difficult as the yield on Australia's ten-year government bond climbed to 5.21%, marking a peak since 2011. Consumer sentiment indicators worsened, with an index published by Westpac and the Melbourne Institute dropping 5.2% in September to a reading of 84.4. Energy prices remained elevated as Brent crude oil reached US$98 per barrel amid geopolitical tensions involving shipping attacks in the Middle East. Despite copper futures hitting a record price of US$14,535 per tonne and iron ore exceeding US$100, mining companies failed to attract significant investor interest during the trading day.
