SMM

[Nickel and Lithium Prices Slump Continues to Worsen Australian Miners' Financial Reports, Signs of Industry Consolidation Emerge] ① Three Australian lithium miners reported their largest H1 losses in over six years and did not declare dividends; ② Lithium prices have plunged more than 80% since 2022, while nickel prices have halved since early 2023. Miners are entering an era of capital discipline, potentially triggering a wave of industry consolidation through acquisitions. (Cailian Press)