Mineral Resources and Albemarle have sold spodumene for more than 10 per cent above the commodity’s spot price, boosting the hopes of a market revival for WA’s embattled lithium miners.
Adrian Rauso
The non-executive director has been on the board since 2006 and leaves the lithium hopeful with first production fast approaching.
Simone Grogan
The junior end of town is loosening its belt as lithium hopefuls keep outshining their gold counterparts in attracting investor funds.
Chris Ellison has won the battle for lithium miner Alita Resources but now must win a $200 million war with tax office.
Neale Prior
Pilbara Minerals will take its first steps along the lithium value chain in a partnership with China’s Ganfeng that will examine the possibility of developing a major conversion plant.
Daniel Newell
Leo Lithium is urging anxious shareholders to remain patient, with the company’s future resting on discussions with the government of Mali in West Africa.
About 150 construction jobs were axed at Albemarle’s Kemerton lithium processing plant last week following January’s decision to delay the building of train four.
Sean Van Der Wielen
A tenement tug-of-war between two beleaguered mining heavyweights is on the precipice of being decided by a 50/50 lucky dip.
While BHP’s nickel pain deepens Chris Ellison’s Mineral Resources has pounced on the looming collapse of the industry to double down on its long-term prospects for lithium and open a third WA processing hub.
Daniel Newell and Adrian Rauso
The world’s biggest lithium producer, Albemarle, plans to sell some of its metal in auctions, which it says will help make an opaque market more transparent.
Yvonne Yue Li, Annie Lee and Mark Burton
Pilbara Minerals has sold a cargo of the battery metal before a scheduled auction next week, just as market prices show signs of a rebound following a year-long rout.
Annie Lee
As the dust settles on Liontown’s new debt deal analysts are split over how the shrunken package will shape the future of Australia’s next major lithium producer.
Short bets worth billions against some of the world’s largest lithium producers are under threat as a supply glut shows signs of thinning.
Georgina McKay, Richard Henderson and Paul-Alain Hunt
Chris Ellison’s busy lithium exploration venture narrowed losses during the half-year but will hold off on mining its lead Mt Ida project until the battery metals prices recover.
Liontown Resources has tapped two of Australia’s biggest commercial lenders for a new debt deal that will usher its Kathleen Valley lithium mine in the Goldfields into first production.
Simone Grogan, Daniel Newell and Adrian Rauso
Core Lithium’s boss and a key board member are heading for the exit as the struggling lithium miner tables a massive half-year loss.
Adrian Rauso and Simone Grogan
Pilbara Minerals is looking to assuage analyst anxieties by shaking hands on its third Chinese offtake deal since the start of the year.
Investment bank UBS believes the latest lithium nadir is in the rear view mirror but has warned investors not to get too ahead of themselves.
BHP boss Geraldine Slattery says Australia needs to find its competitive edge again, with decades spent relying solely on bountiful iron ore discoveries and natural gas for prosperity now firmly in the past.
Lithium giant SQM believes Australia ‘is the future” for the battery metal and has pushed back on concerns that the country is losing its attractiveness for business investmen
Sean Smith
Bidding partners Hancock Prospecting and SQM have told Azure Minerals investors to get it while the going is good and accept a $1.7b offer, warning volatile lithium prices could plunge further.
The lithium price is showing signs of crawling out of a deep trough, giving local producers and hopefuls a much needed shot in the arm.
Chris Ellison’s flagship would pay $63m of the bill and guarantee the rest while the tax claims are reviewed, the liquidators of the lithium mine’s former parent company say.
Mineral Resources is underwater at least $142.5 million from its major raids on WA lithium hopefuls, ahead of plans for a Goldfields flotation plant set to be unveiled next month.
© West Australian Newspapers Limited 2024