St Barbara shares rise as prefeasibility puts Nova Scotia project capex at $133m

Its view contrasts with that of Rio Tinto, which said this week that China's reopening could raise near-term risks of labour and supply-chain shortages.

Company produced 8.8 million tonnes of coal in the first half of 2022.

The company will also look to collaborate with Tsingshan Group.

The lithium miner's revenue was $265 million for the three months.

The government raised its financial support to Hastings Technology Metals by A$80 million to account for higher costs.

The industry is flush with cash after last year’s record profits, while boards and managers believe they have the support of key investors after promising to avoid the reckless overspending of the last cycle.

The phased project is aimed at providing renewable heat to Stellantis' Rüsselsheim manufacturing facility.

The miner, which looks set to keep its position as the world's biggest iron ore producer, said the Gudai-Darri mine is expected to reach its nameplate capacity on a sustained basis during 2023.

With suppliers unable to keep pace, a blistering price rally sent the total spot value of lithium consumption rocketing to about $35 billion in 2022.