Mineral Resources Shares Soar 7% Amid Profitable Lithium Projects
In a notable development for ASX 200 investors, Mineral Resources Ltd ( ASX: MIN ) released its quarterly update, sending ripples of excitement through the market. The Mineral Resources share price is experiencing a significant surge, currently trading at $59.45 per share, marking a remarkable 7.2% increase from its previous closing at $55.47. Image Credit: Pexels 1. Upbeat Performance Across Segments Mining Services Division Shines Mineral Resources reported a robust 9% quarter-on-quarter increase in production volumes for its Mining Services division, reaching an impressive 72 million tonnes. The company's iron ore shipments also saw a substantial uptick, rising by 23% from the prior quarter to 4.8 million wet metric tonnes, fetching an average quarterly price of US$119 per dry metric tonne. 2. Onslow Iron Project: On Track and Within Budget Project Milestones The company's Onslow Iron project in Western Australia is progressing swiftly and is anticipated to be delivered wel...