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).
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.
Nickel and cobalt miner Queensland Pacific Metals [ASX:QPM] has signed an offtake deal with General Motors to help fund its Townsville Energy Chemicals Hub project (TECH).
Graphite producer Syrah Resources [ASX:SYR] said a restart of operations at its Balama project in Mozambique is underway with employees and contractors returning to the site.
If I were President Joe Biden, right now, I would order every barrel of oil from the US Strategic Reserve to be released to the market. My sincere hope would be to panic the oil market with the surge in supply and crash the oil price.
Allkem [ASX:AKE] has agreed to a non-binding term sheet with the International Finance Corporation (IFC) for a financing facility to fund its Sal de Vida project in Argentina.
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