Lithium’s M&A frenzy is the wildcard ahead of confession season
Lower lithium and nickel prices clearly present an impairment indicator for company directors to consider this month. But big takeover bids could save the day.
Gina Rinehart might have done a favour for directors of critical minerals companies shortly before Christmas when she and Chile’s SQM lobbed a $1.7 billion bid for an early-stage lithium project in Western Australia.
That’s because using Mrs Rinehart’s “knockout” bid for Azure Minerals as a valuation benchmark might be the only way some lithium miners can avoid asset impairments when they report their accounts over the next six weeks.
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