Olemedia/E+ via Getty Images Albemarle (NYSE:ALB) +1% in Thursday’s trading despite a downgrade from Wells Fargo, which lowers shares to Equal Weight from Overweight with a $100 price target, cut from $145, even after recently dropping to nearly four-year lows. Wells Fargo analyst Michael Sison says confidence in his earningsContinue Reading
Olemedia International Battery Metals (OTCPK:IBATF) +16.3% in Thursday’s trading after Reuters reported it has become the first company to commercially produce lithium with a unique type of filtration technology, a step expected to usher in cheaper and faster supplies of the metal. At a site in rural Utah controlled byContinue Reading
Olemedia/E+ via Getty Images Albemarle (NYSE:ALB) finished Tuesday’s trading as the biggest loser on the S&P 500, -8.7% to its lowest since October 2020, as two Wall Street analysts cut their price targets for the stock. Lowering his PT to $127 from $170 even while maintaining an Overweight rating, BairdContinue Reading
Nova Lithium (OTCPK:NVLIF) changed its name from “Nova Lithium Corp.” to “Nova Pacific Metals Corp.” today. At the opening of the market on July 11, 2024, the Company’s common shares will trade on the Canadian Securities Exchange under the new name. In connection with the name change, the Company’s tradingContinue Reading
Lithium Royalty (TSX:LIRC:CA) said the Toronto Stock Exchange has accepted a notice filed by LRC of its intention to renew its existing normal course issuer bid that expires July 9. The company may during the 12-month period commencing July 10 and terminating July 9, 2025, buy up to 1.25M ofContinue Reading
Mark Renders/Getty Images News BASF (OTCQX:BASFY) has abandoned plans to invest in lithium mining assets in Chile, as a slowdown in electric vehicle adoption worldwide drags down battery metal prices, Bloomberg reported Tuesday. BASF (OTCQX:BASFY) pulled out of initial talks with Wealth Minerals Ltd. (OTCQB:WMLLF), which owns exploration projects inContinue Reading
RHJ/iStock via Getty Images Lithium Ionic’s (OTCQX:LTHCF) wholly owned subsidiary, Lithium Ionic Bandeira Corp, has executed a definitive royalty agreement with ANRF LI, an affiliate of Appian Capital Advisory, granting a 2.25% gross revenue royalty in exchange for upfront cash consideration of $20 million. Lithium Ionic (OTCQX:LTHCF) intends to useContinue Reading
jroballo Li-Metal (OTCQB:LIMFF) has entered into a non-binding letter of intent with an arm’s length purchaser, for the sale of its lithium metal business for an indicative purchase price of $11M. The LOI grants the potential purchaser an exclusivity period of no less than 30 days for the parties toContinue Reading
VladK213 BMI, a unit of Fitch Solutions, Thursday upped its 2024 gold price forecast to $2,250/oz from $2,100/oz, with a ‘neutral’ view towards gold in H2, as prices remain tangled in a tug of war between a less dovish Federal Reserve and high levels of geopolitical tension. The brokerage expectsContinue Reading
Olemedia/E+ via Getty Images Arcadium Lithium (NYSE:ALTM) +12.7% in Wednesday’s trading as RBC Capital rates the stock as a new Outperform with a $4 price target, saying the company offers investors “the most vertically integrated, and diversified lithium and chemical exposure across our coverage.” The RBC team sees production growthContinue Reading
