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Lithium

Yesterday

Global Lithium Resources has two WA operations, including its Manna project near Kalgoorlie.

Global Lithium chair rejects board revamp over foreign influence fears

Two directors have shut down an attempt by a rival to seize control of the WA critical minerals explorer, pledging to vote against proposals at its delayed AGM.

  • Mark Wembridge

This Month

Justine Passaportis is a senior legal counsel for Perentis who benefited from its parental leave policies.

Spotlight falls on outliers as miners embrace paid parental leave

Miners are sweetening benefits to attract female employees. Yet Macmahon, a major employer, is resisting paid time off for new parents.

  • Elouise Fowler and Mark Wembridge
Resources funds are ready to bounce back.

Resources fundies reveal top picks ahead of ‘stellar’ 2025

Some portfolio managers are chasing the elusive surge in copper stocks or braving the lithium sector, while others plan to ride the rally in bauxite and silver prices.

  • Alex Gluyas

December 2024

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ASX slips; Gold miners’ silver lining; China’s new stealth aircraft

Read everything that’s happened in the news so far today.

Marijana Petkovic with her sheaf of court documents. She is one of several vocal opponents to Rio’s efforts in the Jadar Valley.

Inside Rio Tinto’s all out war to unlock Serbia’s lithium riches

The mining giant has been trying to develop the resource rich Jadar Valley for two decades. So why is it persisting in the face of intense opposition?

  • Updated
  • Hans van Leeuwen
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Rio Tinto’s $10.7b lithium takeover wins shareholder approval

Chief executive Jakob Stausholm got an early Christmas present when Arcadium Lithium investors voted to accept his acquisition offer.

  • Peter Ker
The IGO-Tianqi lithium hydroxide plant at Kwinana, south of Perth.

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
Rio Tinto is expected to start producing lithium from its Rincon project in Argentina before the end of 2028.

Rio Tinto sinks $3.9b into Argentina lithium project

Rio Tinto has doubled down on its lithium bet with a big investment in its Rincon lithium brine project, months after agreeing to buy Arcadium Lithium.

  • Elouise Fowler and Mark Wembridge
Mineral Resources founder and managing director Chris Ellison at last month’s shareholder meeting.

MinRes asks for gag order on former executive to be lifted

The request, agreed to by the Federal Court, means the company’s board can obtain its own advice and regulators can access previously confidential documents.

  • Mark Di Stefano
Bank of America is bearish on lithium, even after a 90 per cent slump in prices since 2022.

Lithium bear market tipped to intensify in 2025

Bank of America has slashed its forecasts for the battery mineral and also warns that iron ore could fall to $US75 a tonne. But there is one commodity that the broker is tipping will go on a tear next year.

  • Updated
  • Alex Gluyas

November 2024

The Pilbara Minerals lithium mine in Western Australia.

WA unveils $150m lithium rescue package

The West Australian government has unveiled a $150 million rescue package for the state’s struggling lithium sector.

  • Tom Rabe and Mark Wembridge
From left: Delta managing director James Croser, chairman Nader El Sayed, and non-executive director Josh Thurlow.

Embattled Ellison a no-show at MinRes-backed Delta AGM

Billionaire MinRes founder Chris Ellison avoided Delta Lithium’s shareholder meeting after quitting as chairman of the mining junior on Monday.

  • Mark Wembridge and Elouise Fowler
Mineral Resources founder and managing director Chris Ellison at last week’s AGM.

Chris Ellison quits as Delta Lithium chairman ‘effective immediately’

The businessman said he was leaving the junior explorer to focus on Mineral Resources, where he intends to quit as managing director within 18 months.

  • Peter Ker
Chris Ellison speaks at Thursday’s meeting.

Ellison reveals ‘dark cloud’ in MinRes’ day of reckoning

The billionaire founder presented a mix of contrition and defiance over the company’s governance scandals at the shareholder meeting on Thursday.

  • Mark Wembridge and Peter Ker
Lithium carbonate prices have dived 86 per cent from the record $US78,200 a tonne reached in 2022, according to S&P Global Commodity Insights.

MinRes named the best stock to ride 2025 lithium bull run

Morningstar says now is the time to pile back into these shares before prices of the battery material go on a tear next year.

  • Alex Gluyas
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Global Lithium executive chairman Ron Mitchell inspects diamond drill cores at the company’s Manna project in WA.

Global Lithium delays AGM over foreign influence fears

Minority shareholder Leon Zhu denies his push to join the board is a “Chinese-led conspiracy” as the WA Supreme Court gives the FIRB almost 3 months to probe claims.

  • Mark Wembridge
Sayona’s open pit mine in Quebec.

Sayona Mining, Piedmont Lithium in $850m merger; Canaccord raises $150m

The two companies are expected to raise fresh equity as a part of the merger, which will create a $850 million lithium player.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Tony Ottaviano is under no illusions that the game has changed for lithium, and Liontown needs to adapt.

Liontown survived the lithium carnage, but can it handle Donald Trump?

After taking a wild ride in lithium over the past year, Liontown Resources thinks it can also adapt to whatever the Trump administration produces.

  • Jennifer Hewett
Liontown Resources’ Kathleen Valley lithium mine, for which Zenith built a hybrid offsite plant.

Liontown slows lithium mine expansion in battle to survive

Australia’s newest exporter is scaling back its growth plans to try to save $100 million and survive a bear market for critical minerals.

  • Updated
  • Peter Ker
Tony Ottaviano is under no illusions that the game has changed for lithium, and Liontown needs to adapt.

It was our sexiest lithium stock. Now it’s having major surgery

Liontown Resources has opted for a small-target strategy to try and survive lithium’s nuclear winter.

  • James Thomson

Original URL: https://www.afr.com/topic/lithium-1m2j