2024 could be big for commodities. So thinks our resident commodities guru James Cooper. And he outlined several reasons why. US election. China stimulus. Rate cuts. Falling US dollar. Rising India. Any of these events can ignite commodities in 2024. James joined me on this week’s episode of What’s Not Priced Into talk why he’s upbeat about […]
Search Results for: lithium
Albemarle cuts back lithium plans in WA
American chemicals giant Albemarle has substantially cut back its Australian growth initiative. The company, which has faced pressure with falling nickel prices, has scrapped part of its proposed $4 billion dollar plan to build a fourth lithium hydroxide processing train at Kemerton in WA. The news comes just months after the company announced the plans to double […]
WA Lithium miner Kali Metals soars on ASX debut
Recently IPO’d company Kali Metals [ASX:KM1] has rocketed up by 68% in its first-day trading. The company, which became a rich lister favourite after its IPO closed in less than 20 minutes and was oversubscribed, has ignited hopes in lithium spodumene prices returning to their former glory and Australia becoming a hot spot for production. Kali […]
Lithium stocks sell off on Friday
Happy Friday! Although it wasn’t a happy one for lithium stocks (especially Core Lithium). Lithium stocks were the worst performers today, with Core leading the way after announcing the suspension of mining operations following collapsed spodumene concentrate prices. CXO ended the day 11.5% lower. Ioneer fell 6.7%. Delta Lithium fell 6.7%. Latin Resources fell 6%. […]
Core Lithium flags likely impairment of Finniss operation
Core Lithium said it has about 280,000 tonnes of ore stockpiled. That should be enough to feed the concentrator until mid-2024 without any further mining. However, Core also said it will likely cop an impairment of the carrying value of its Finniss operation in its upcoming half-year results. Core chief executive Gareth Manderson said: ‘The […]
Core Lithium down 10%, suspends mining operations
Fledgling lithium producer Core Lithium [ASX:CXO] is down 10% in early trade on Friday after a strategic review update. With ‘weak market conditions continuing’, Core will suspend mining in the Grants open pit. Processing of stockpiles will continue. Management explained: ‘Core has decided to continue processing of established ore stockpiles and temporarily suspend mining operations in the […]