News Formal

Business Maverick: Insatiable lithium demand fuels investment boom in Australia

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 84%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Executives from Australia’s lithium industry were inundated by bankers and brokers at the Diggers & Dealers Mining Forum in the outback town of Kalgoorlie this week, talking up deals to secure some of the estimated $42 billion worth of investment needed...

In the rocky deserts of Western Australia, a handful of little-known and once-shunned miners are suddenly in vogue as the electric vehicle industry clamours for a metal it can’t do without.

“I don’t want us to come across as self-indulgent because we have immense respect for our customers, but the simple fact is it takes five to eight years to bring greenfield supply online in tier-one jurisdictions,” he said. That transaction followed Liontown’s earlier so-called offtake deals with Tesla Inc. and South Korean battery producer LG Chem Ltd. It also came a week after European carmaker Stellantis NV took an equity stake in Australian lithium miner Vulcan Energy Resources.

Pilbara’s shares traded at 13 Australian cents then, and have since risen to more than A$2.85, giving it a market value of about $5.8 billion. Shares in Liontown have risen about 76 times since early 2019, to a value of around $2.2 billion.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 3. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Business Maverick: Tech Fuels Stock Surge as Earnings Buoy Sentiment: Markets WrapUS stocks rose as corporate earnings continued to roll in and economic data came in better than expected. Treasuries declined after hawkish comments from Federal Reserve officials made it apparent that a policy pivot is unlikely.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »

Business Maverick: Oil Falls Below $90 for First Time Since War as Demand SlowsOil extended declines to the lowest in almost six months as weaker US gasoline demand and recessionary fears weighed on markets.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »

Business Maverick: Singapore joins green finance bonanza with 50-year bondThe city state began marketing its first green bond, choosing a 50-year tenor as it joins countries from South Korea to Egypt looking to fund the battle against climate change.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »