Rare earth players are in pole position for the Federal Government’s $1.2 billion mining splash, while battered lithium and nickel miners and refiners wait to see if they will get a look-in.
Simone Grogan and Adrian Rauso
The Australian Council of Superannuation Investors has questioned how shareholders can be assured Chris Ellison will abide by plans to step down by mid-2026 when questions over board exits go unanswered.
Sean Smith
Liontown’s lithium mine is yet to be submerged by the commodity’s price rout after spitting out $14.2 million of cash during the March quarter.
Adrian Rauso
Revenue at WA’s biggest pure play lithium miner has plunged as it cuts down production to see through a sustained downturn in lithium prices, while losing six days to a chaotic Pilbara cyclone season.
Simone Grogan
Mineral Resources was among the miners spearheading ASX losses today, with the Chris Ellison-led company now worth 79 per cent less than this time last year.
IGO’s chief financial officer will finish up at the end of 2025, calling time after five and a half years with the battery metals miner.
The 18-hectare Paris Grove village in Australind was put on the market last year after Albemarle iced the expansion of its nearby Kemerton lithium plant amid weak prices for the battery metal.
Deterra Royalties is a step closer towards locking in a new revenue stream after a $4.6 billion lithium carbonate project in the United States got the investment tick off.
Mineral Resources and its founder Chris Ellison are facing a court showdown following a series of scandals that have cut the lithium and iron ore miner’s market value in half over the past six months.
Daniel Newell and Adrian Rauso
The future cost to rehabilitate Greenbushes is rising exponentially and the fabled lithium mine’s profitability has fallen dramatically, despite its annual bottom line sticking above $700 million.
Rio Tinto is reportedly keen to ride on the coattails of a deal in the Congo that could unlock a big piece of the world’s largest hard rock lithium deposit and save stranded shareholders of AVZ Minerals.
The lithium miner and refiner also flagged the rising trend of trade protectionism in the industry globally amid the increasing strategic importance of lithium.
Annie Lee
Mineral Resources has cut 15 white-collar workers from its Osborne Park headquarters, saying it was focused on ‘operational efficiencies’.
Adrian Rauso & Matt Mckenzie
A cutting-edge mining company that counts the ultra-rich Bill Gates and Jeff Bezos as investors could reportedly throw Australian-based AVZ Minerals a lifeline.
MinRes shares are surging as brokers get behind the battered miner and its boss, with one prominent Sydney stock picker saying Chris Ellison is not ‘a drongo’.
WA is well-placed to weather global headwinds triggered by US President Donald Trump’s erratic policies, but easing population and softer commodity prices will weigh on the State’s economic growth.
Cheyanne Enciso
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.
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.
