Lithium producers grow bullish as EV revolution turbocharges demand

Short selling of shares in lithium miners SQM, Albemarle, Galaxy and Orocobre has ballooned this year, reflecting a sign of growing scepticism.

Gold producers in Australia are outperforming their global competitors, prompting investors to encourage them to expand their horizons and acquire struggling North American rivals.

Company said first-half profit grew 12% to $4.42 billion, below the $4.53 billion forecast by analysts.

The world’s automakers “don’t worry about lithium supply anymore” – Simon Moores.

BHP Billiton last week agreed to sell its U.S. shale oil and gas assets for $10.5 billion, while Rio Tinto appears on track to exit its troubled investment in the giant Grasberg copper and gold mine in Indonesia for about $3.5 billion.

Union members have until Wednesday to finish voting on the company's proposal.

Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019.

The vote began on Saturday and will continue through the middle of next week.

Batteries.