Pilbara Minerals is the latest WA miner increasing its commitment to meet lithium demand for batteries to support renewable energy and power electric vehicles with a $231 million expansion of its Pilgangoora lithium project (reports The West Australian).
Despite multiple distractions, including US election fever, a spectacular derailment on BHP’s iron ore railway and a horse race in Melbourne, the recovery on the market reported here last week has continued
Strategic metals develop TNG (ASX: TNG) has agreed terms with a Swiss-based chemicals distributor for the titanium dioxide pigment production from its planned A$853 million Mount Peake development, north of Alice Springs (reports MiningNews).
It was only a little more than four years ago that the then-penny dreadful Pilbara Minerals picked up what was originally the Pilgangoora tantalum-lithium project, 120km south of Port Hedland, (writes Barry FitzGerald on MiningNews).
Macquarie Equities and Credit Suisse both issued upbeat assessments of Pilbara Minerals’ (ASX: PLS) September Quarterly Report released this week, with both brokers issuing “outperform” ratings and healthy price targets of $1.20 and $1.15 respectively for the newly-minted lithium miner.
After a number of last minute delays, TNG has executed a critical native title agreement that will allow granting of the mining lease and subsequent development of the massive Mount Peake vanadium-titanium-iron project in the Northern Territory (reports MiningNews).
Shifting global economic leadership back to the US has started to play a role in commodity prices, with base metals and oil leading the way up this week while Australian resource stocks also benefited from a continued slide in the A-dollar.
While it is far too early to declare the US the winner in its trade war with China, the early signs point that way with the US central bank head, Jay Powell, predicting that economic expansion could “continue for quite some time”.