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Top related persons:
Harish Sridharan - 1 Melanie Burton - 1 Kim Coghill - 1 Chris Reese - 1
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Queensland Louisiana North America Bengaluru Melbourne
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MELBOURNE - 1 General Motors Co - 1 General Motors - 1 Queensland Pacific Metals - 1 GM - 1 Thomson - 1

Search resuls for: "Melanie Burton Harish Sridharan"


3 mentions found


☆ Australia's Element 25 to supply GM with manganese sulphate, shares jump
  + stars: | 2023-06-26 | by ( Melanie Burton Harish Sridharan | Melanie Burton | Harish Sridharan | ) www.reuters.com   time to read: +1 min
MELBOURNE, June 26 (Reuters) - Element 25 Ltd (E25.AX) said on Monday it will supply manganese sulphate to General Motors Co (GM.N) as the automaker looks to secure supply of battery minerals for its North American electric vehicle production, sending its shares up more than 20%. The deal is the second by General Motors for Australian battery minerals as automakers globally rush to secure supply. Shares of Element 25 rallied as much as 23% before trading at A$0.69, up 15%. GM will provide Element 25 with an $85 million loan to partially fund the construction of the facility for production of battery-grade manganese sulphate, the ASX-listed miner said. Element 25 expects to invest about $290 million in total to build the facility, and it is scheduled to open in 2025.
Persons: Harish Sridharan, Melanie Burton, Kim Coghill, Chris Reese Organizations: MELBOURNE, General Motors Co, General Motors, Queensland Pacific Metals, GM, Thomson Locations: Queensland, Louisiana, North America, Bengaluru, Melbourne
☆ Bets on Aussie lithium miners rise as Chile plan stokes concerns
  + stars: | 2023-04-24 | by ( Melanie Burton Harish Sridharan | Melanie Burton | Harish Sridharan | ) www.reuters.com   time to read: +4 min
Listed miners with lithium projects in South America suffered, however, on concerns other governments may follow Chile's lead. Elsewhere in Asia, lithium prices stabilised on an improved demand outlook, and Japan acted to shore up its EV minerals supply by announcing a swathe of industry subsidies. Bucking the regional trend were Australian-listed miners with projects in South America's lithium triangle which spans Chile, Argentina and Bolivia, on concerns other governments may follow Chile's footsteps. Shares in miners with Argentine projects fell. Lithium Power International, (LPI.AX) whose Maricunga brine project is Chile's largest permitted, proposed project welcomed the new policy which it said would "positively transform" Chile's lithium industry.
☆ Lithium miner Liontown soars as it snubs $3.7 bln Albemarle bid
  + stars: | 2023-03-28 | by ( Melanie Burton Harish Sridharan | Melanie Burton | Harish Sridharan | ) www.reuters.com   time to read: +3 min
Liontown controls two major lithium deposits in Western Australia, including its flagship Kathleen Valley project slated for first production in mid-2024, which is among the world's largest and highest-grade hard rock lithium deposits. North Carolina-based Albemarle is the world's biggest lithium producer with major facilities in Chile, China and Western Australia where it holds stakes in two mines and is building a lithium hydroxide processing plant near Perth. Albemarle had offered A$2.50 per share after two previous offers, Liontown said in an exchange filing. Albemarle said its "compelling" bid offered a material premium to Liontown shareholders who would benefit from its chemical conversion abilities and existing links with Liontown's customers. Liontown also said RT Lithium Ltd, a subsidiary of Albemarle, had built a near 2.2% stake through on-market purchases.
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