Lithium producers in Australia saw profits surge on the back of high prices last year.

World's biggest miner is trialling the use of Hydrotreated Vegetable Oil to help power mining equipment.

The company recorded a net profit attributable of $180.4 million for the half-year ended Dec. 31.

Company posted a nearly 11-fold jump in half-year net profit, boosted by spodumene production at its Pilgangoora plant.

One of the conditions under the deal would allow Mineral Resources to increase its stake in the Wodgina lithium mine.

The supply shortage and expectations of increasing Chinese demand are likely to provide a solid base for further gains, writes Clyde Russell.

BHP flagged a brightening demand outlook in the top steel producer country.