ASX Announcements
This Month
Lithium piles up at IGO’s WA refinery as demand slows
The miner is struggling to find customers for its battery material, as dismal prices cause a logjam of the product at its Kwinana plant.
- Mark Wembridge
Pilbara Minerals ‘to pop’ as short sellers now target uranium
The lithium producer is no longer Australia’s most shorted stock after its exclusion from a widely tracked index, prompting hedge funds to shift their focus.
- Alex Gluyas
November
Investors scold Pilbara Minerals over CEO pay, diversity
US pension funds rebuked Pilbara Minerals at its AGM on Tuesday, criticising board diversity and CEO Dale Henderson’s bonus.
- Elouise Fowler
Five ASX stocks short sellers are targeting
Hedge funds are ditching their long-held bet against Pilbara Minerals and hunting for the sharemarket’s next big short target.
- Joshua Peach
October
Pilbara Minerals cuts lithium output, suspends plant
The miner is scaling back to endure the lithium price slump, cutting annual output and icing operations at its Ngungaju facility.
- Elouise Fowler
Lithium stocks rally reveals M&A hope for juniors
Rio’s takeover of Arcadium has unleashed a rally in the ASX’s junior lithium stocks, but the lagging performance of the major producers means they are expected to miss out on the next wave of deals.
- Alex Gluyas
Lithium stocks ‘one deal away’ from going on a tear: E&P
Investors are facing a shrinking pool of lithium stocks to invest in after Rio Tinto’s Arcadium bid. A takeover of Pilbara Minerals or Liontown could reignite a resurgence in the sector.
- Alex Gluyas
MS, BofA shop $271m block trade in Pilbara Minerals
Sources said the block trade was a secondary share sale stemming from an equity collar transaction for China’s Gangfeng, which owns 5.7 per cent of Pilbara.
- Sarah Thompson, Kanika Sood and Emma Rapaport
September
Meet the lithium high-climber taking on the short sellers
Pilbara Minerals CEO Dale Henderson thrives on a challenge and hard work, and is willing to tackle everything from Chinese lithium buyers to Himalayan mountains.
- Brad Thompson
Fundies ring the bell on lithium prices after protracted rout
The rebound in ASX lithium stocks extended into Thursday’s session, with traders scrambling to reposition for further gains in prices for producers.
- Alex Gluyas
- Opinion
- Chanticleer
Lithium finds a bottom, but beware Chinese whispers and false dawns
It only took a rumour to set a fire under global lithium stocks. There’s more drama and pain ahead for the sector, but at least true believers have hope now.
- James Thomson
August
Pilbara Minerals loads up on debt despite bleak lithium outlook
A new line of credit was unveiled on Monday at the miner’s full-year result, where it reported the lithium price crash had dented its net profit by 89 per cent.
- Elouise Fowler
EML Payments chairman resigns after board clash over credit card use
Luke Bortoli, also the chief financial officer at lithium hopeful Pilbara Minerals, said he was pleased to leave the prepaid gift card group in “great shape”.
- Max Mason and Jemima Whyte
- Opinion
- Chanticleer
The lithium rout can’t seem to stop the ASX’s most shorted stock
While there are many things to be wary of in mining, one is domestic champions going offshore. Can Pilbara Minerals become a two-trick pony?
- Anthony Macdonald
Jobless rate climbs; Telstra profits drop; KPMG partner pay slides
Read everything that’s happened in the news so far today.
Pilbara Minerals takes $560m punt on Brazil lithium project
The company, the most heavily shorted stock on the ASX, made a $560 million takeover bid for Latin Resources and its flagship mine.
- Brad Thompson
July
Why Rio Tinto wants a bigger presence in lithium and copper
‘I couldn’t care less about what the lithium price is in the next 12 months,’ says chief executive Jakob Stausholm.
- Updated
- Peter Ker
Survival of the fittest in lithium, says Pilbara Minerals boss
The company’s chief executive says lithium supply from bit players starting to wither away is a sign the price has reached a new floor.
- Brad Thompson
Why these fundies are braving the lithium rout
Lithium was one of the sharemarket’s hottest sectors before a brutal sell-off. But some fund managers believe it’s finally time to start buying again.
- Alex Gluyas
Meet the fund manager doing it better than everyone else
In a market completely saturated with Aussie equity funds, Robert Gregory, a one-man band, has come out on top thanks to some cracking stock bets.
- Sarah Jones