Large lithium producer Allkem [ASX:AKE] reported record quarterly revenue of US$150 million for lithium carbonate sales of 3,721 tonnes on a gross cash margin of 89%. Group revenue for the quarter came in at US$298 million. AKE said customer demand in the spodumene market ‘remains robust’ with spodumene concentrate pricing in the December quarter expected […]
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Pilbara Minerals: ‘Strong Demand Conditions’ Persist
Australian lithium producer Pilbara Minerals [ASX:PLS] has secured a pre-auction bid for its spodumene concentrate of US$7,830/dmt. PLS said the pre-auction bid reflects ‘strong demand conditions’. This comes after lithium prices in China touched all-time highs last week, with the price of Chinese battery-grade lithium carbonate hitting a record high of US$74,475 a tonne, according […]
Magnis Energy Down on FY22 Results
Lithium-ion battery developer Magnis Energy [ASX:MNS] released its FY22 results on Monday.
Core Lithium Rises on Management Transition
Australia lithium developer Core Lithium [ASX:CXO] has announced the immediate exit of its Managing Director, Stephen Biggins, who has helmed Core Lithium for the last 12 years.
Genesis Energy Shares Rise on Guidance Upgrade
Shares of utility retailer Genesis Energy [ASX:GNE] rose on Friday (14/10/2022) after favourable conditions in Q1 FY23 led to an upgrade to FY23 EBITDAF (earnings before interest and tax according to fuel type).
Lake Resources Signs Conditional Offtake with SK On
Lithium developer Lake Resources [ASX:LKE] signed a conditional framework agreement (CFA) with South Korean battery manufacturer SK O for the offtake of up to 25,000 tonnes per annum (tpa) of lithium from LKE’s Kachi Project in Argentina.