Piedmont Lithium amended its agreement with electric vehicle maker Tesla to deliver approximately 125,000 metric tons of spodumene concentrate (SC6) to Tesla. The deal begins in the second half of 2023 through the end of 2025 with an option to renew for an additional three years. Piedmont Lithium shares $PLL are trading higher+7.9%, with an option to renew for an additional three years. Tesla Inc. is set to pay more for the lithium after PLL amended their deal amid the … Continue reading “Piedmont Lithium Surges on Amended Tesla Deal for Spodumene”
Resilient Australian Stock Market Outperformed in 2022, Supported by Mining and Energy Stocks
Australia’s blue-chip stock index, S&P/ASX 200 ended down 5.45% to 7,038.7 in 2022. On the last day of the trading year the ASX was up +0.3% and -0.9% for the week. This compares to 2021 being up over 13% for the year. Australian shares ended 2022 as one of the region’s more resilient markets with mining firms supporting as globally stocks were pummeled. The end to an era of low interest rates that made borrowing cheap and encouraged investors to … Continue reading “Resilient Australian Stock Market Outperformed in 2022, Supported by Mining and Energy Stocks”
Australian Metal Exports Central to Global Energy Transition Set to Double to $33 Billion
Australia already the world’s number one exporter in iron ore, natural gas and coal is set to see its metal exports essential to the global energy transition from fossil fuels double in just over a year to $33 billion. These metals include copper, nickel and lithium. The venerable Resources and Energy Quarterly from the Australian Office of the Chief Economist’s outlook for global commodity prices, demand and supply sees a dramatic surge in Australian exports critical to energy transition. Australia’s resource … Continue reading “Australian Metal Exports Central to Global Energy Transition Set to Double to $33 Billion”
The Australian ASX 200 Stock Market Closed Up 13% in 2021 With Lithium Plays Starring
The Australian Blue Chip stock index, ASX 200 finished 2021 at 7,779.20 up over 13% for the year. This compares to a loss of just over 1% in 2020 and a gain of over 20% in 2019. All of the 11 main sectors of the share market were higher except information technology and energy in 2021. Tech went from being the best-performing sector in 2020 to the worst in 2021. Battery materials supplier Novonix was the top stock up 660 … Continue reading “The Australian ASX 200 Stock Market Closed Up 13% in 2021 With Lithium Plays Starring”
Fitch Expects Asia LNG, US Henry Hub Natural Gas, Tin and Lithium to Average Higher in 2022
Fitch Solutions In its latest industry report expects Asia LNG, US Henry Hub natural gas, tin and lithium to average higher in 2022. Fitch expects most other global commodity prices to pull back in 2022 from current levels. Fitch Solutions expects strong prices in 2021 to incentivize production in 2022, in particular in agriculture. The energy crisis in Asia and Europe and the shift towards Electric vehicles puts a bid on related commodities for the most part. Fitch Solutions said developing … Continue reading “Fitch Expects Asia LNG, US Henry Hub Natural Gas, Tin and Lithium to Average Higher in 2022”
Tesla Reports Surprise Profit Sending Stock up 20%
Electric vehicle and storage company Tesla reported a surprise profit for the third quarter after the close Wednesday sending $TSLA up over 20% on short coveringe. Tesla also said it was ahead of schedule with a new factory in Shanghai.
Tesla Larger Than Expected Loss But Cuts Cap Ex, Reaffirms Delivery Guidance
Electric vehicle and storage company Tesla reported worse than expected earnings Wednesday with a larger loss and lower revenue. $TSLA fell over 10% on the news, however the company reaffirmed full-year delivery guidance, mostly Model 3s.
Tesla Notches Surprise Profit With Higher Revenue, Model 3 Production
Electric vehicle and storage company Tesla reported better than expected earnings Wednesday with a surprise profit, two weeks earlier than markets expected. $TSLA achieved profitability and announced it’s Model 3 was the best selling car in the US in terms of revenue.
SEC Sues Tesla CEO Elon Musk For Securities Fraud
The SEC filed a law suit against Tesla CEO Elon Musk Thursday after the market close. The Electric vehicle and storage company’s $TSLA shares fell 10% in the after hours.
Falling Battery Costs Making Solar Cheaper Than Gas
Solar farms have been more costly to deliver electricity than natural gas or coal because of the cost of storage and downtime at night, However that is changing with the falling cost of batteries a recent report shows.