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Bloomberg

Battery Metal Rout Set to Force Unprofitable Miners to Cut Costs

A wave of cost cutting and potential consolidation looms for lithium and nickel miners in the year ahead, with no short-term relief in sight for the key battery metals sector after a poor earnings season. Three Australian-based lithium miners — PLS Ltd. (formerly Pilbara Minerals), IGO Ltd. and Mineral Resources Ltd. — each posted their largest first-half losses in more than six years, and delivered no dividends to their shareholders.