Pilbara Minerals boss Ken Brinsden says the company will tailor its growth plans to match lithium demand
Pilbara Minerals boss Ken Brinsden says the company will tailor its growth plans to match lithium demand (reports MiningNews).
An oversupply situation has emerged in the spodumene sector, and Pilbara's Pilgangoora mine in the Pilbara hasn't been immune.
Brinsden told reporters at Diggers & Dealers that while chemical converters couldn't ramp up soon enough, changing battery chemistries meant China had fallen behind.
"They tinkered with the industry to try and incentivise new technology in lithium-ion batteries," he said.
Mincor Resources has signed a long-term agreement with mining giant BHP to supply nickel concentrate (reports The West Australian).
BHP’s Nickel West division will process up to 600,000 tonnes a year of nickel sulphide at its Kalgoorlie smelter out to 2025 once Mincor has restarted its operations in December.
The gold price took a knock yesterday when the US central bank delivered half the interest rate cut investors wanted, with the sliding share prices that followed a warning shot for investors making the trek to next week’s Diggers and Dealers conference in Kalgoorlie.
The new field season in WA’s Paterson province has brought fresh exploration impetus, with Rio firing up 11 rigs
The new field season in WA’s Paterson province has brought fresh exploration impetus, with Rio firing up 11 rigs while nearby juniors Sipa and Antipa are planning holes of their own. Plus, Sandfire-backed White Rock offers investors two projects for the price of one.
Exploration in Western Australia’s remote Paterson province is heating up as was expected following Rio Tinto’s belated confirmation in February that its Winu copper-gold discovery was indeed something special.
Rare earths and potash returned to the winner’s circle this week as the first whiff of a correction wafted across the gold and iron ore sectors
Rare earths and potash returned to the winner’s circle this week as the first whiff of a correction wafted across the gold and iron ore sectors, while two industry leaders, BHP and Rio Tinto, paid a heavy price for annoying their supporters.
On a “follow-the-money” basis, it was hard to overlook the flow of funds into two emerging rare earth companies, Arafura and Northern Minerals, which attracted $30 million and $23.2 million respectively to advance their projects.
Plus, Liontown morphing into lithium city as new research report says the hot stock is just warming up
It is wrong to think that it has been a case of total gloom and doom for lithium equities since January.
The sector is down by 50%-plus on fears of over-supply well in to the 2020s and operational shortcomings at the newer operations.
It has not mattered that one by one, the world’s biggest auto groups have been pinning their futures to the electric vehicle revolution.
In a global market in which two million EV units were sold last year, VW reckons it will do five million units itself in 2025. Same with Toyota, and others have been chiming in.
Lithium miner Pilbara Minerals on Tuesday said it had signed an additional deal with Chinese automaker Great Wall Motor
Lithium miner Pilbara Minerals on Tuesday said it had signed an additional deal with Chinese automaker Great Wall Motor to supply spodumene concentrate, a key mineral for electric vehicles (reports Reuters).
Deliveries under the deal will begin in August, with 20,000 dry metric tonnes of concentrate to be shipped annually for six years.
The West-Perth based company's shares reversed course to rise as much as 13.7 per cent after the announcement, their sharpest gain in more than three months, before closing 5.1 per cent higher at 52¢.
Finally some good news for our bashed up lithium stocks
Finally some good news for our bashed up lithium stocks (reports Barry FitzGerald on Stockhead).
It comes from a Reuters interview with German automaker Volkswagen on its push into electric vehicles, combined with analytical work, funnily enough, by one of the biggest local bears on the lithium sector, Macquarie.
VW board member Stefan Sommer told Reuters that the company would need 150 GWh of battery production in both Asia and Europe by 2025, and double that by 2030.