Lithium Supply Responds To Higher Prices
Australian producers are well placed to contribute to lithium supply needed to feed unprecedented demand for electric vehicles over the coming decade.
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Orocobre, Galaxy to Join Forces
Australian lithium producers Orocobre and Galaxy Resources will merge in an all-paper $4 billion transaction to create what they claim will be the 5th largest producer of the key commodity.
Read MoreGalaxy Resources Spices Up Sal De Vida
Amid burgeoning lithium prices Galaxy Resources has outlined a development plan for Sal de Vida that exceeds expectations on most metrics. What could possibly go wrong?
Read MoreGXY – Macquarie rates the stock as Outperform
The broker upgrades its expectations for Sal de Vida to match the plan and raises the target to $4.50 from $4.20.
Read MoreGXY – Citi rates the stock as Neutral
Citi’s visit to Galaxy Resources’ Mt Cattlin site showed operations back at full capacity and with a quick turnaround. A Neutral rating is retained with the target rising to $3.10 from $3.
Read MoreMaterial Matters: Copper, Lithium & Closures
A glance through the latest expert views and predictions about commodities. Base metals; cost curves; lithium; and mine closures.
Read MoreLithium Producers In A Holding Pattern
Amid a lack of certainty about when lithium prices will improve Australian spodumene producers are continuing to curtail production.
Read MoreGXY – Morgan Stanley rates the stock as Equal-weight
Costs disappointed Morgan Stanley in the December quarter, affected by the DMS trials that were called off. 2020 production guidance is lower than previously outlined.
Read MoreBehind The Lithium Market Meltdown
The stronger-for-longer lithium story is not exactly panning out as such, with a global oversupply emerging and the upbeat blue sky stories supplanted by tales of woe from the emerging producers. The same thing’s happening with that other wonder battery metal, graphite.
Read MoreGXY – Citi rates the stock as Buy
Galaxy Resources has made a strategic equity investment of $22.5m in Alliance Mineral ((A40)). This takes its holding to 12%. Alliance Mineral is currently ramping up the Bald Hill lithium project in Western Australia and has guided to production of 240,000t of spodumene concentrate in FY20.
Read MoreGalaxy Resources Jumps On Acreage Sale
Lithium miner, Galaxy Resources surprised yesterday by selling off some of its South American acreage, a move the market loved, sending the shares up 18% at one stage in trading before they settled back to close the day 14.3% higher at $3.42.
Read MoreLepidico Lures Investors Into A New Galaxy Where Lithium Is Free
No one much cared earlier this year when there was a particularly nasty takeover battle between Lithium Australia (LIT) as the suitor and Lepidico (LPD) as the target.
Read MoreLithium Play Galaxy Hits 8-year High On Q3 Numbers
Shares lithium producer Galaxy Resources surged and sagged yesterday in the wake of the release what was on the whole an encouraging production report for the three months to September.
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