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.
Liontown Resources has been hinting for some time of a major resources boost for its Kathleen Valley lithium-tantalum resource near Leinster
Liontown Resources has been hinting for some time of a major resources boost for its Kathleen Valley lithium-tantalum resource near Leinster, Western Australia, and it has delivered this morning with a 353% increase – blowing its exploration target out of the water (reports MiningNews).
athleen Valley now costs a75 million grading 1.3% lithium and 140ppm tantalum for 2.5Mt of lithium carbonate equivalent and 23 million pounds of Ta2O5.
High purity alumina (HPA) supply will not meet estimated demand over the next decade — even if every project in the pipeline goes into production (reports Stockhead).
Last year, HPA was a niche industry building some momentum as analysts predicted a lithium-ion battery charged shortfall. That’s because one of HPA’s fastest growing uses is coating the separators that keep apart the cathode and anode electrodes in lithium-ion batteries:
Last week, a report by CRU acknowledged that previous demand predictions were too conservative.
Strategic metals company TNG Limited has signed a binding heads of agreement with the operator of the Darwin to Tarcoola rail line, Genesee & Wyoming Australia, to haul material from the Central Australian Mount Peake mine more than 1100km to a processing facility in Darwin (reports The Sydney Daily Telegraph).
Foster Stockbroking has reissued a buy recommendation on beaten-down lithium producer Pilbara Minerals, given its share price performance in recent weeks (reports The West Australian).
The Ken Brinsden-led company announced last week it was slowing production this month and next because of delays in the construction and commissioning of chemical conversion capacity by two of its Chinese customers. The news sent Pilbara’s share price plunging from 70¢ to as low as 53.5¢.
Plus, soaring gold price triggers big bounce in Millennium shares
There were many factors behind the 2017 Pilbara conglomerate gold bubble.
But what really pumped up things was one of the great mining promotional events of our time.
The September 2017 event was orchestrated by the lead company in the bubble, Canada’s Novo Resources Corp (TSX-V:NVO).
Novo organised what’s known in the TV game as a live cross from the Denver Gold Forum to its Purdy’s Reward conglomerate project near Karratha in the Pilbara, a 50:50 joint venture with the ASX-listed Artemis (ARV).
Load up with gold and head for the hills or rush into industrial metals and oil
Load up with gold and head for the hills or rush into industrial metals and oil. That seems to be your choice from Monday, when a new financial year kicks off and we’ll know whether Trump and Xi shook hands and smiled – or not!
The handshake the world wants to see could occur today or tomorrow when Chinese President Xi Jinping is expected to have a face-to-face meeting with US President, Donald Trump at the G20 summit in the Japanese city of Osaka.