This Month
Lithium prices slump as Chinese giant eyes restart
Reports that battery giant CATL is preparing to reopen its Jianxiawo mine next month has triggered a sudden shake-up in the market for the commodity.
Lithium giant’s $43,000 price forecast gets local mining stocks racing
The comments from Ganfeng chairman Li Liangbin reported overnight, predicting a boom in demand for the battery material, pushed up lithium prices.
Rio ends two-decade Serbian lithium mining dream as cost cuts bite
The resources giant discovered deposits in the Jadar Valley in 2001, and announced plans for a major development in 2021, plans that were repeatedly delayed.
MinRes chair’s pay soars to $20m after scoring lithium deal with POSCO
The miner will sell 30 per cent of its lithium division to the Asian conglomerate in a move that will cut China’s dominance over Australian lithium.
MinRes jumps; Oliver Curtis taps Wall St; ANZ’s risk chiefs exit
Read everything that’s happened in the news so far today.
ASIC accuses fallen miner AVZ Minerals of misleading investors
Shareholders lost $2.8b when the lithium play delisted in 2024. The corporate watchdog says AVZ and two directors failed investors by keeping quiet about its legal troubles.
Booming battery demand to send ASX lithium stocks soaring
Spodumene prices closed above $US1000 a tonne for the first time in more than a year as investors turn increasingly bullish on the sector.
US lithium giant dashes hopes of WA processing plant revival
Albemarle has no plans to restart full operations at its partly mothballed Kemerton facility any time soon, marking another setback to the nation’s minerals processing dreams.
ASX lithium stocks face short squeeze as prices surge
A 20 per cent rally in lithium prices over the past fortnight has forced reluctant hedge funds to cover their short positions, which could be “explosive” for the sector.
October
ASX lithium stocks rip on broker upgrades
JPMorgan has raised its long-term lithium price forecasts sending Australia’s largest pure-play lithium stock Pilbara Minerals and Mineral Resources soaring.
MinRes downplays lithium firesale talk after notching iron ore record
The embattled miner says it is still considering sales, but a stronger performance from its Onslow project has lessened the need to offload assets.
Taxpayer-backed Liontown burns through cash after $363m raise
Investors punished its shares despite the loss-making miner edging closer to breaking even, as higher expenditure and lower revenues disappointed the market.
Lithium price floor could trigger ‘bad, unintended consequences’
Lithium miner PLS says taxpayer support for critical minerals should deliver permanent cost reductions through infrastructure, not revenue sugar hits.
Lithium miners cool on Albanese government push for price floors
While rare earth hopefuls are enthusiastic about the prospect of the subsidy being discussed by federal officials, their lithium peers appear less united.
Allegro Energy a winner with its ‘super water’
Renewable technology company Allegro Energy has won the Innovation challenger category of the AFR’s Energy Awards with its battery technology.
Lithium battery fire on flight forces emergency landing
The battery spontaneously combusted while stored in the overhead luggage compartment in an Air China plane, but no injuries were reported.
MinRes-backed lithium player Wildcat Resources calls in MacCap
MinRes owns about 17.5per cent of Wildcat Resources, but is unlikely to pitch in for its funding needs amid a potential sale of its existing lithium mines.
Chris Ellison loses key ally in sweeping MinRes board revamp
Zimi Meka becomes the latest director to head for the door as new chairman Malcolm Bundey pushes ahead with his daunting corporate governance clean-up job.
Chris Ellison’s MinRes calls in bankers to explore lithium assets sale
The Perth-headquartered mining and contracting group run by Chris Ellison has been under significant financial pressure and regulatory scrutiny over the year.
Ford slashes lithium deal with Gina Rinehart-backed Liontown
The US auto giant will not buy any of the taxpayer-funded WA miner’s lithium until at least 2029 despite being an early funder of the company.