Latest stock sell-off times unstoppable decarbonisation drive equals investment opportunity
It’s the most enduring thematic of our times, and now investors can get exposure at a significantly lower price thanks to the recent impact of rising rates and global strife.
Investors’ dilemma: Is it buying a bargain or catching a dead cat?
Buy the dip theory took hold among Australian investors earlier week as they helped the all-ordinaries index claw back 200 of the 700 points lost since early April but by Thursday they discovered the meaning of “dead cat bounce”.
Labyrinth hits visible gold in maiden Quebec diamond drilling, adds seven new claims in Ontario
Labyrinth Resources has struck visual gold in exploration outside its resource at its namesake project in Canada, giving confidence there is plenty more of the rich, high-grade goodness to be found in the Quebec deposit (reports Stockhead).
It’s the most enduring thematic of our times, and now investors can get exposure at a significantly lower price thanks to the recent impact of rising rates and global strife.
Lithium stocks already showing first signs of recovery while Boss prepares for FID as uranium outlook charges up.
The global decarbonisation thematic is none too worried about the shakedown in equity markets over China’s slowdown and the impact of rising inflation/interest rates in the major economies.
The thematic is alive and well. And it’s here to stay for decades to come as governments and companies alike combine forces to rein in global carbon emissions from the (renewable and sustainable) electrification of everything.
Pilbara Minerals has reinforced analysts’ bullish lithium predictions after securing a record price for 5000 dry metric tonnes of the critical battery raw material sold on its unique digital auction platform (reports The Australian Financial Review)
As investors digested several upbeat brokers notes on lithium stocks, Pilbara on Tuesday night revealed it had secured a price of $US5955 a dry metric tonne for a cargo of spodumene with 5.5 per cent lithia via its Battery Material Exchange platform.
Including freight costs to China, the price for its fifth auction on the platform equates to around $US6586 a dry metric tonne for spodumene concentrate with 6 per cent lithia.
Elon Musk wants to mine it, China is scouring Tibet for it, battery makers are crying out for it (reports Bloomberg).
Lithium, the wonder metal at the heart of the global shift to electric cars, is in a full-blown crisis. Demand has outstripped supply, pushing prices up almost 500% in a year and hindering the world’s most successful effort yet to halt global warming.
Lithium bulls looking for analyst support need not look much further than UBS, with the investment bank expecting demand more than double consensus numbers by 2030 (reports MiningNews).
Instead of 2-3 million tonnes per annum of lithium carbonate equivalent demand, UBS believes somewhere around 5.8Mt will be the more accurate number.
For two fundamental reasons.
One, EV penetration, with UBS seeing that number at 25% by 2025 and 54% by 2030.
And two, average battery size.
UBS claims to have "street leading views" on the subject, though it concedes its forecasts are not without risk.
The extract of the UBS report seen by MNN did not contain supply or price forecasts.
Chalice Mining has confirmed an institutional placement to raise A$100 million (reports MiningNews).
The issue price of $6 represents a 10% discount to yesterday's close of $6.67.
The company will issue roughly 16.7 million shares, equating to about 4.7% of existing shares on issue.
The placement, which is being managed by Bell Potter Securities and Macquarie Capital, is not underwritten.
Chalice had $49 million cash at the end of April.
The company owns the globally significant Julimar project, north of Perth, which is Australia's largest palladium discovery.
We're delighted to be returning to the RACV Royal Pines Resort on the Gold Coast in 2022 for our 19th annual Resources Rising Stars Investor Conference.