This week’s Bulls N’ Bears Runner of the Week is … lithium. The metal is back in the headlines for all the right reasons,inspiring several share price jumps.
With global lithium prices in a slump,mining giant Rio Tinto has wasted little time in buying US-based Arcadium Lithium for almost $10 billion.
The mining giant is hoping to break the jinx of Australian companies faring poorly on foreign acquisitions. But it would need to convince the market that buying lithium is worth it.
Chariot Corporation has adopted a pilot plant plan for its high-grade US lithium play,fast-tracking production for an early payback on rising lithium demand.
One of Australia’s top lithium producers says no one is making money from mining the key battery ingredient at current prices as electric car sales languish.
The collapse in lithium prices has crushed full-year profits at Australia’s leading producer,Pilbara Minerals,and denied shareholders any dividends.
“Green” investors have learned a harsh lesson on investing based on a feel-good narrative,instead of using fundamental or technical analysis.
There will no pay rises for senior employees this year and fewer perks for office workers ahead of a massive reduction in the miner’s remote workforce.
The world’s largest lithium producer will slash production of the battery ingredient in WA,prompting the federal government to consider bringing forward planned assistance.
Governments around the world,including Australia,are using taxpayers’ money to support emerging industries. Now there are warnings these programs may achieve little.
Australia’s largest independent lithium miner is preparing to boost output of the electric battery metal,even as prices languish around three-year lows.