News

Shares in metals hopeful TNG leapt as much as 45 per cent on the back of its finalisation of an off-take agreement with Swiss group DKSH (reports The West Australian).

Shares in metals hopeful TNG leapt as much as 45 per cent on the back of its finalisation of an off-take agreement with Swiss group DKSH (reports The West Australian). The deal will see DSKH take all of the titanium dioxide pigment produced by its Mt Peake vanadium and titanium project in the Northern Territory. TNG shares jumped 45 per cent to 4.5¢ before dipping to be 3¢ up at 13¢ as at 12.30pm. The company and DKSH have been negotiating a binding deal since disclosing in October that they were in talks.

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Lithium returned as a market driver this week through a combination of discovery news

Lithium returned as a market driver this week through a combination of discovery news and the potential for further takeover developments, eclipsing continued strength in iron ore and signs of a gold revival as international affairs took a turn for the worse. The big news was a possible second bidder entering the race for control of Kidman Resources, the lithium stock in the sights of industrial conglomerate, Wesfarmers.

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At various times in the market there will be particular sectors that go for a run

At various times in the market there will be particular sectors that go for a run – lithium, for example (reports Stockhead). But right now, according to Wendt, it is more about individual stocks than one sector being the hot favourite. “18 months ago it didn’t matter what stock you looked at in the lithium space, everything was moving and everything was moving rapidly and you sort of get that with the first wave I think of any new hot fashionable sector,” he told Stockhead.

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Plus, New World Cobalt turns its hand to a promising gold and base metals project. And Vale, Sir Arvi.

There was lots to cheer about for the ASX-listed lithium stocks when Wesfarmers (WES) rolled out its $776 million, or $1.90 a share, friendly takeover bid for Kidman Resources (KDR). First there was the 47% premium to Kidman’s last sale, confirming what was said here last month that there was value to be had in the lithium stocks because the equity market had overdone last year’s great sell-off in the sector.

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Battery metals, after a six-month sabbatical, surged back to the top of the mining-sector league table this week

Battery metals, after a six-month sabbatical, surged back to the top of the mining-sector league table this week thanks to a high-priced takeover bid from Wesfarmers for lithium project developer, Kidman Resources, and a plan to re-open the mothballed Ravensthorpe nickel project. Both moves demonstrated a return of confidence in battery metals and for the overall health of the broader market for minerals and metals.

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Despite the continued sell-off of global lithium stocks, Pilbara Minerals boss Ken Brinsden says there’s no issue with demand (reports MiningNews).

Despite the continued sell-off of global lithium stocks, Pilbara Minerals boss Ken Brinsden says there’s no issue with demand (reports MiningNews). Cannacord Genuity noted today that the Global X Lithium ETF was down by 4.3% last week alone, and Pilbara fell 3.5% this morning (Monday) to a 2019 low of A63.2c off the back of its March quarterly. Brinsden told investors this morning that demand for lithium remained strong.

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WA lithium developer Liontown Resources (ASX: LTR) continues to impress Bridge Street Capital Partners’ resource analyst, Dr Chris Baker.

WA lithium developer Liontown Resources (ASX: LTR) continues to impress Bridge Street Capital Partners’ resource analyst, Dr Chris Baker. Baker has been following Liontown closely and he was back in the field this week, pausing to issue a brief flash note on the Company’s most recent drilling results – which included the best-ever lithium intercept recorded from the Kathleen Valley Project. “A particularly impressive suite of drill holes from Kathleen Valley which might take total resources to over 50Mt!” he said.

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Oil and gas might not appeal to environmentally-conscious investors, but what’s happened over the past week on the global and local stages makes it a hard sector to avoid if profits are what you’re after.

Oil and gas might not appeal to environmentally-conscious investors, but what’s happened over the past week on the global and local stages makes it a hard sector to avoid if profits are what you’re after. A sharp rise in the oil price earlier this week to more than $US74 a barrel was largely a function of international events, including a fresh threat from Iran to blockade the narrow Strait of Homuz at the western end of the Persian Gulf in retaliation against US sanctions.

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