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BUZZ-Aussie lithium stocks drop as US-Ukraine minerals deal not signed

ReutersMar 4, 2025 12:50 AM

Updates

Shares of Australian lithium miners slump as market doubts minerals deal between the U.S. and Ukraine

U.S. President Donald Trump has been seeking a minerals deal with Ukraine, home to a trove of lithium deposits and rare earth minerals

A heated meeting between Trump and Ukrainian President Volodymyr Zelenskiy at the White House on February 28 cast doubt on the potential agreement

The abrupt ending to Zelenskiy's Washington trip meant that the two countries failed to sign a minerals deal that Kyiv hoped would spur Trump to back Ukraine's war effort, but Zelenskiy said Ukraine was still willing to sign it

Mineral Resources MIN.AX loses most, down 7.8%

Pilbara Minerals PLS.AX and Liontown Resources LTR.AX drop 2.8% and 2.3% respectively

IGO IGO.AX trading 3.7% in the red

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