PLS avoided a remuneration strike as shareholders narrowly backed its pay report, with the miner defending a suite of retention-focused equity incentives at its AGM.
Local lithium stocks closed with double-digit declines on the local bourse, following reports that CATL is restarting its globally significant lithium mine in China
Pilgangoora operator PLS has posted a near $200 million loss for the last financial year as persistently weak prices for the battery metal continue to bite.
Bulls N' Bears ASX Runner of the Week is… Kaili Resources, after its share price broke records by flying up 8333% in a day on news of it was drilling for rare earths in South Australia. Magnetite Mines flew too on its own SA rare earths project, also on the Lime Coast, Argent Biopharma acquired a set of cannabis biotech ahead of a targeted US listing and Octava revealed a microbe-based bioleaching breakthrough at its lithium-rare earths play in WA's Gascoyne region.
Shares in local lithium stocks are surging off the back of major battery manufacturer Contemporary Amperex Technology halting production at its mammoth Jianxiawo lithium mine in China.
Pilbara Minerals and Liontown aren't jumping out of bed for the small uptick in spodumene prices as the producers agree the industry should unite on a pricing mechanism to curb volatility.
Dollar Bill (AKA Bulls N Bears' Bill McConnell) has been polishing his monocle in preparation for the resurgence of the small caps market – and it's starting to happen.
Pilbara Minerals managing director and chief executive Dale Henderson says the lithium sector should consider how Australia can become more competitive against other global markets.
Critical minerals miners have overwhelmingly welcomed Anthony Albanese's scarcely-detailed pledge to build a stockpile that could be used as a bargaining chip in trade negotiations.
Our weekly appointments wrap includes Stuart Nicholls, Tony Kiernan, Peter Blackmore, Fabio Mancini, Pele Reeve, Rick McKenzie, Brad O'Donnell, Matthew Keating, and new board members and staff announcements for the Centre for Stories.
Targeted lithium industry support and streamlined approvals are on Pilbara Minerals boss Dale Henderson's wish list ahead of the election as revenue slides on weak prices and production hits.
Mineral Resources, Iluka Resources and Pilbara Minerals were among the biggest losers on the ASX today as the market digests a weaker iron ore price and soft Aussie dollar.
Pilbara Minerals has reported a $69 million loss for the half-year as increasd production partially offsets the ongoing impact of diminished prices for the key battery material.
Lithium trailblazer Pilbara Minerals has flagged a statutory loss in the vicinity of $70 million for the half year, but has hit a key milestone with first ore from its P1000 expansion project.
Pilbara Minerals will mothball one of its processing plants and pause the construction of a mid-stream project as it tightens its belt amid languish lithium market conditions.
The chief operating officer at newly producing lithium play Liontown Resources says the company will look to Pilbara Minerals for inspiration as it navigates commodity price turmoil.
Lithium Universe has defied market trends to post an upbeat prefeasibility study for its Bécancour lithium carbonate refinery in the Canadian city of Québec, delivering a pre-tax NPV of US$779 million (AU$1.17 billion) and an annual EBITDA of US$147 million (AU$221 million) in its bid to service the growing North American market and fill the conversion gap by reducing the need for Chinese product.
Stocks in WA lithium players recorded double-digit gains on the ASX in morning trade, including Mineral Resources, Liontown Resources and Pilbara Minerals.
Wavering lithium prices have dented Pilbara Minerals revenue and profit for the full year, partially offset by upped sales volumes, while taking on $1 billion in new debt.
In this week's edition of Bulls N' Bears Big Hits, we examine some of the notable drill intersections revealed on the ASX, including Wildcat Resources' Tabba Tabba run of 67m at 1.9 per cent lithium oxide. We also look at other interesting intercepts as reported by Rumble Resources from its Western Queen project in WA and Strickland Metals at its Rogozna project in Serbia.
Pilbara Minerals hasn't ruled out diversifying into other commodities, but Dale Henderson says he doesn't see the producer stepping outside lithium anytime soon.
The lithium price downturn doesn't faze Pilbara Minerals, according to its chief executive, as the miner officially opens its latest expansion project amid market volatility.
Mark Beyer and Mark Pownall discuss the week in lithium; construction issues; Fortescue's share price tumble; inflationary data; interest rates; house prices; CFMEU action; and Rex's plight.
Kairos Minerals shares rose by 29 per cent to 1.1 cents on Thursday morning, following news it had entered into a binding agreement to sell six Mt York project prospecting licences.
ANALYSIS: When Mark McGowan launched the $750 million Resources Community Investment Initiative more than 18 months ago, nobody expected an upgrade of Paraburdoo hospital would be its inaugural project.
A lithium miner and telecommunications firm are working with an Aboriginal tech startup to build satellite-connected hubs in remote communities offering reception on par with Perth.
A new cargo wharf under construction in Port Hedland will enable the import of wind turbines and slash cargo vessel backlogs which have blown out to more than a week.
Pilbara Minerals has announced that production at its flagship Pilgangoora operation could expand to more than 2 million tonnes of spodumene concentrate per annum.
