One-time market darling Liontown Resources has reported a half-year loss of $15.2 million as Australia’s latest lithium debutant start its first full quarter of commercial production in the northern Goldfields.
Daniel Newell
Mineral Resources’ biggest shareholder behind Chris Ellison is keen to see the company get a new chair by the end of June, while seemingly remaining a supporter of Mr Ellison staying on as boss.
Adrian Rauso
Electricians helping to build a third chemical grade plant at the Greenbushes lithium mine briefly downed tools last week after fearing they were at risk of electrocution.
A major Mineral Resources shareholder and Chris Ellison cheerleader is continuing to double down on its investment in the floundering miner and mining services provider.
More problems have been piled onto Mineral Resources’ creaking balance sheet after credit ratings agency Fitch downgraded the miner’s repayment score.
Booming lithium supply out of Africa is keeping a lid on the battery commodity’s price despite resurgent Chinese demand.
The share market operator has taken the unusual step of asking Mineral Resources why it failed to warn investors its half-year financial results would be as bad as they were.
IGO is unsure how badly its Kwinana lithium refinery will be stung by a Chinese ban that threatens to induce more pain at a misfiring processing plant already decimating the miner’s bottom line.
The ‘tumultuous’ lithium market has sent Pilbara Minerals to a $69 million loss in the six months to December but boss Dale Henderson still has an eye on growth options.
Matt Mckenzie
Chris Ellison urged MinRes shareholders to move on from his various misdeeds, refused to rule out maintaining strong links to the firm he founded, and contradicted a past statement he made.
Lithium price carnage and the adverse effect of a strong US dollar on its huge debt pile has dragged Chris Ellison’s Mineral Resources deep into the red.
Digesting a major acquisition and lower iron ore prices have eaten into the lucrative royalty cheques Deterra Royalties passes on to its shareholders.
A director seeking re-election at the fiery annual general meeting of dispute-riddled explorer Global Lithium Resources has made assurances a new board would act in the bests interests of Australia.
Simone Grogan
Two directors of dispute-riddled explorer Global Lithium Resources have sensationally quit the board ahead of a highly anticipated annual general meeting on Thursday afternoon.
Mineral Resources is still months away from announcing a new board chair to replace James McClements after a tax scandal and a series or corporate governance disasters forced his decision to exit.
Investors split over the future of flailing West Perth explorer Global Lithium Resources are set to cast their vote on whether an outsider boots out management to see it through a market downturn.
Mineral Resources is now the most shorted lithium stock on the ASX as more supporters of its outgoing boss Chris Ellison emerge.
The West Australian
Pilbara Minerals will likely book a first-half net loss of up to $71 million as it ramps up a lithium battery material joint venture project with South Korea’s POSCO.
Daniel Newell and Adrian Rauso
US electric vehicle and battery manufacturer Tesla has chosen a WA coal town as the site for a new battery service, repair and renewal facility.
Aaron Bunch
The State and Federal Governments will spend $3 million looking into building a shared pilot plant for downstream producers of critical minerals.
WA’s struggling lithium hydroxide producers are on the verge of being dealt another major blow with China clamping down on specialised technicians and equipment leaving its borders.
Shares in debt-laden Mineral Resources copped an early hit as the mining major’s lithium and iron ore operations disappointed and a regulatory investigation intensifies, but investor worries were later quelled.
Adrian Rauso and Daniel Newell
IGO is bearing the brunt of a battery metals slump, plunging into substantial negative earnings for the December quarter as it hashes out the future of its financially ailing Kwinana lithium refinery.
Pilbara Minerals chief Dale Henderson says further acquisitions are “not off the cards”, after the lithium miner seemingly weathered a market storm.
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