CATL confirmed to be Millennial Lithium buyer in $297m deal
The Chinese battery maker will acquire Millennial at a price of C$3.85 per share, a premium of 6.9% over the offer by Ganfeng.
The Chinese battery maker will acquire Millennial at a price of C$3.85 per share, a premium of 6.9% over the offer by Ganfeng.
Seven claimants are demanding around half a million euros in damages from the company.
As seaborne coal in Asia trades at near record highs there are early signs of demand destruction, especially among buyers such as India.
The Alacran deposit is part of the San Matias development.
A silver-charged super material was discovered by mistake.
Total nickel reserves are estimated at 94 million tonnes globally, with Indonesia and Australia among the countries holding the largest endowments.
Lithium hydroxide prices are up 162% year to date and average lithium use per electric vehicle basis, including hybrids, jumped 19.5% year over year.
Acquisition of Minas De Aguas Teñidas would turn the company into one of Australia’s largest copper-focused metal producers.
There are several targets to potentially test with a winter drilling program.
Iron ore will come under more pressure, falling to $80 to $90 a tonne heading into next year, said UBS Group.