ASX Announcements
Notification regarding unquoted securities - PLS
Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)
- May 17, 2024
- 7 pages
Market Sensitive
March 2024 Quarterly Activities Report
Third Quarter Activities Report
- Apr 19, 2024
- 9 pages
Today
AusSuper sets sights on becoming a global force in critical minerals
Australia’s largest industry super fund will step up its investment in battery metal lithium as it seeks to grow its $12 billion critical minerals fund.
- 18 mins ago
- Elouise Fowler
This Month
Dutton rejects ‘Rich Lister’ tax cuts
The opposition has blasted $27.8 billion in production credits in the budget as “tax cuts for billionaires”, vowing to repeal them if elected.
- Phillip Coorey and Brad Thompson
Miners hope for budget tax credits
Lithium and nickel miners who lobbied for tax breaks are set to be among the big budget winners as the Albanese government tries to shore up its ‘made in Australia’ plans.
- Brad Thompson
Investors urge caution as Rio Tinto eyes BHP’s $60b Anglo bid
Rio Tinto should not challenge BHP for control of Anglo American, and should instead target smaller lithium and copper producers, a major investor says.
- Peter Ker
How Sage Capital is making money from other investors’ panic
Veteran hedge fund manager Sean Fenton has no qualms going against the crowd, buying ResMed after its collapse in 2023.
- Joanne Tran
April
Resources funds bounce back as commodity rally intensifies
Fund managers are betting on a fresh batch of copper, gold and oil producers to help lift their returns following a challenging period for commodity investors.
- Alex Gluyas
Pilbara Minerals expects ‘fairly material’ uptick in lithium prices
Chief executive Dale Henderson has encouraged investors to look past a down quarter in lithium prices, pointing to a rally in the past 60 days.
- Peter Ker
Chinese miners in $2.5b payday from Australian lithium holdings
Despite softer prices, and restrictions on ownership of critical minerals, some of the original backers of local developments are now seeing windfall returns.
- Elouise Fowler
Why Wall Street banks have got it wrong on lithium
Sydney fund manager Ethical Partners says their own modelling shows the battery metal has moved “rapidly back” into balance after last year’s collapse, that will continue to support prices (and the sharemarket).
- Sarah Jones
March
MinRes to auction lithium in quest for ‘real price transparency’
Chris Ellison’s Mineral Resources and New York-listed Albemarle sell lithium above spot price amid renewed efforts to make China-dominated market transparent
- Brad Thompson
Pilbara Minerals mulls building lithium processing plant anywhere but China
The proposed joint facility with China’s Ganfeng, will be closely watched as one of the first big tests for Australian miners seeking US-allied government grants while in partnership with a Chinese company.
- Elouise Fowler
Lithium hopeful Liontown in $550m loan from banks, taxpayers
The new agreement will ease concerns over Liontown Resources after January’s spectacular loan withdrawal.
- Peter Ker
Core Lithium boss exits as losses, impairments mount
Core Lithium’s Gareth Manderson and a second independent director have quit the loss-making miner as a restart of its NT mine looks unlikely.
- Peter Ker
Global lithium producer signals price rout has ended
Chinese appetite for electric vehicles has outstripped expectations, boosting optimism of a lithium price rebound and spurring bets from investors.
- Elouise Fowler
February
Pilbara Minerals to plead case for lithium tax breaks
The lithium miner says the government needs to step up as an industry delegation heads for Canberra.
- Brad Thompson
Why short sellers could be wrong on Pilbara and IDP
Short sellers are not always right, but investors need to understand their thinking, say the experts.
- Mark Draper
Deep Yellow surge puts squeeze on Fidelity’s charity
Even when done altruistically, stock-picking isn’t for the faint-hearted.
- Myriam Robin
January
- Analysis
- Critical minerals
Greenbushes cuts a reminder that lithium is not iron ore
When the lowest-cost producer starts cutting profitable volumes, you know the Australian mining industry has changed.
- Peter Ker
Short nothing and long lithium: the hedge fund breaking all the rules
Auscap’s Tim Carleton and Will Mumford’s long-only bets generated strong returns for their fund last year. They are also not worried about the Pilbara Minerals short sellers.
- Joshua Peach
- Analysis
- Due diligence
Is lithium’s brutal comeuppance a buy signal?
Possibly not – it seems a typical commodity boom and bust cycle has set in, and the prudent answer is “not yet”.
- Ben Potter
