The collapse in lithium prices has crushed full-year profits at Australia’s leading producer,Pilbara Minerals,and denied shareholders any dividends.
In this week’s Bulls N’ Bears Big Hits,we examine notable drill hits revealed on the ASX,including Wildcat Resources’ big lithium run at Tabba Tabba in WA.
Australia’s largest independent lithium miner is preparing to boost output of the electric battery metal,even as prices languish around three-year lows.
Despite a retreat in rare earths prices,Hastings has spent $153m in capex on its Yangibana project as it sets itself for an upswing in rare earths pricing.
The Australian sharemarket staged a major turnaround in the latter half of the trading session to finish on a high,after Wall Street equities backed away from recent records.
In this week’s Bulls N’ Bears Big Hits,we examine curious drill hits revealed on the ASX,including Culpeo Minerals’ 298m at 0.98 per cent copper equivalent.
Australia has huge deposits of rare earths and other critical minerals,but exploiting them means competing with China.
Just three out of a total of 461 employees at the Gorgon and Wheatstone Downstream facilities voted supporting Chevron’s proposed enterprise agreements put to them last week.
The Australian sharemarket climbed on the back of healthcare companies after a set of strong results from some of its biggest players and softer wage data.
The ASX-listed lithium player has significantly upgraded estimates for its West Australian deposits.
Pilbara Minerals shares jumped 5.2 per cent after the lithium producer finished its financial year with production of a vital battery ingredient surging by 64 per cent.