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Let's take a look at 3 ASX shares that could benefit from the US' international sourcing of EV metals. The post 3 ASX shares that could benefit from Biden’s Aussie electric vehicle swing appeared first on The Motley Fool Australia.
Save Share Acceleration of new lithium projects looks set to be the biggest outcome of a $4 billion merger between Orocobre and Galaxy Resources, with the man who will lead the merged entity declaring it will be âfull speed aheadâ on a long list of growth projects. Orocobre and Galaxy currently have one lithium production asset each, but the merged entity could have four in the medium term, a new downstream processing plant plus a raft of brownfield expansion options. The sequencing of those growth projects looms as a major decision for Orocobre chief executive Martin Perez De Solay...
Lithium boom 2.0 drives $4b merger, supply push Save Share This yearâs lithium price boom will prove more âdurableâ than the last and can withstand an âaccelerationâ of new lithium supply, according to the two Australian listed companies that struck a $4 billion battery minerals merger on Monday. The combination of Orocobre and Galaxy Resources will create the worldâs fifth biggest lithium producer by market capitalisation and one that is more diversified by product and geography, with ambitions of securing a place in the ASX100. Brisbane based Orocobre and Perth...
The development plan for Sal de Vida in Argentina has brought more clarity to the outlook for lithium producer Galaxy Resources ((GXY)). The plan is to produce battery-grade lithium carbonate in three stages at 10,700tpa each, with stage I to be commissioned by the end of 2022. The product mix consisting of 80% battery grade is higher than Ord Minnett previously expected, while the unit costs are lower. There is also potential upside from higher reserve grades. The larger scope of the project also underpinned Macquarie’s basis for upgrading the stock to Outperform recently, with production ...
Galaxy Resources Spices Up Sal De Vida This story features GALAXY RESOURCES LIMITED, and other companies. For more info SHARE ANALYSIS: GXY Amid burgeoning lithium prices Galaxy Resources has outlined a development plan for Sal de Vida that exceeds expectations on most metrics. What could possibly go wrong? -Slower ramp up of Sal de Vida offset by higher production assumptions -Demand outlook for lithium continues to improve, leading to higher prices -Further upside potential from higher grades encountered in recent drilling By Eva Brocklehurst The development plan for Sal de Vida in Arge...